Manappuram Finance to consider raising funds; Stock dips 1%

Manappuram Finance Limited has announced that it is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / offshore securities market by Public Issue, on Private Placement Basis or through issuing Commercial Papers.

Based on the prevailing market conditions, the Board of Directors / Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of October, 2022, the company said in a filing.

At around 9:19 AM, Manappuram Finance Ltd is currently trading at Rs92.60 per share down by Rs1.2 or 1.28% from its previous closing of Rs93.80 per share on the BSE.

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