Manappuram Finance has received approval for the issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures of face value of Rs 1,00,000 for an aggregate amount of Rs 600 crore on private placement basis. Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on February 23, 2024, 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.
