Manappuram Finance rises on plan to raise funds via debt offering

27 Oct 2022 , 12:03 PM

The Kerala-based gold NBFC said 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 NBFCs board may consider and approve issuances of debt securities during the month of November 2022. The proposal is subject to such terms and conditions including the issue price of debt securities, as the board/respective committee may deem fit. Manappuram Finance is one of Indias leading gold loan NBFCs. The NBFCs consolidated net profit tumbled 35.4% to Rs 282.08 crore on 4.5% decline in total income to Rs 1,502.73 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News