Manappuram Finance gets nod to raise Rs 770 crore via NCDs
30th Jun 2022

Manappuram Finance‚Äôs board has approved the issuance of Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 for a principal aggregate amount of upto Rs 770 crore on private placement basis. Financial Resources and Management Committee of the Board of Directors of the Company at its meeting held on June 30, 2022, 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.