Manappuram Finance to consider fund raising

29 Nov 2022 , 12:08 PM

Manappuram Finance 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 December 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 rose 10.4% to Rs 408.35 crore on 10.3% increase in total income to Rs 1,714.12 crore in Q2 FY23 over Q2 FY22. Shares of Manappuram Finance were down 0.48% to Rs 113.45 on the BSE. Powered by Capital Market – Live News