Manappuram Finance has received approval to raise Rs 1000 crore through issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCDs) of face value of Rs 1,00,000 on private placement basis. Financial Resources and Management Committee of the Board of Directors of Manappuram Finance at its meeting held on September 21,2023, approved the same.
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.
