Manappuram Finance gets nod to raise up to Rs 7,800 crore in FY23
28th Mar 2022

Manappuram Finance has received approval for fund raising programme for FY23, which includes issuance of redeemable non-convertible debentures up to the overall limit of Rs 7,800 crore by way of private placement or/and public issue in one or more tranches. The company proposed to list bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will be decided by the board at the time of allotment.

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.