Pursuant to Regulation 30 of the Listing Regulations and other applicable provisions of the Listing Regulations, Manba Finance has informed that the company had executed a Memorandum of Understanding with Piaggio Vehicles (PVPL), a wholly-owned subsidiary of the Italian automotive giant Piaggio Group and a leading manufacturer of small commercial vehicles in India for extending financial assistance and / or credit facilities for New Three Wheeler Loans to eligible borrowers under the various schemes and in accordance with Guidelines issued by the Reserve Bank of India in this regard. The company has enclosed press release in this regard.
The above information is a part of company’s filings submitted to BSE.
