Manappuram Finance to consider raising funds; Stock dips 1%

The current market cap of the company is Rs7,939.18 crore.

September 28, 2022 9:19 IST | India Infoline News Service
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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