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Manappuram Finance to raise Rs 6,000 crore in FY22

19 Mar 2021 Evaluate

Manappuram Finance is going to raise up to Rs 6,000 crore in the next fiscal. The board of directors of Manappuram Finance at its meeting held on March 19, 2021 has considered and approved the fundraising programme of the company for FY 2021-2022, which includes the issuance of redeemable non-convertible debentures to the tune of Rs 6,000 crore.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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