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Manappuram Finance gets nod for fund-raising program for FY 2024-25

19 Mar 2024 Evaluate

Manappuram Finance has received approval from Board of Directors for fund-raising program for FY 2024-25, which inter-alia includes issuance of Redeemable Non-Convertible Debentures upto the overall limit of Rs 6000 crore by way of private placement or/and Public issue in one or more tranches as may be decided by the Board of Directors or its committee thereof from time to time.  

The company has also received approval to raise Rs 25 crore through issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCDs) on private placement basis. The Board of Directors at its meeting held on March 19,2024 have considered and 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.

Manappuram Finance Share Price

317.80 12.90 (4.23%)
15-Jun-2026 16:59 View Price Chart
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