Manappuram Finance to issue NCDs aggregating to Rs800cr on private placement basis

18 Jan 2022 , 12:42 PM

Financial Resources and Management Committee of the Board of Directors of Manappuram Finance Limited at its meeting held on January 17, 2022, approved the issuance of Listed, Secured, Rated, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs10 lakh each for an amount of Rs200cr with an option to retain over subscription up to Rs600cr aggregating to Rs800cr on private placement basis.

At around 12.45 PM, Manappuram Finance Ltd was trading at Rs167.20 per piece down by Rs0.85 or 0.51% from its previous closing of Rs168.05 per piece on the BSE.

The scrip opened at Rs168.25 and has touched a high and low of Rs173.70 and Rs166.05 respectively.