Manappuram Finance board to consider fund raising of up to $100 million

28 Jun 2022 , 09:17 AM

Manappuram Finance Ltd has informed that based on the finalization of terms of issue, the meeting of the Financial Resources and Management Committee of the Board of Directors of the company, is scheduled to be held on, June 30, 2022.

The meeting is held to consider and approve the issuance of Secured, Rated Redeemable Non-Convertible Debentures of up to US$100 million in INR equivalent, said the finance firm in a regulatory filing on Monday.

At around 9:17 AM on Tuesday, Manappuram Finance was trading at Rs88.45 per share lower by 0.51% as against previous closing of Rs88.90 per share on the BSE.