/ Manappuram Finance To Raise Rs 200 Crore Via Private Placement ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 31 October 2017

Manappuram Finance has received an approval for the allotment of 2000 Secured Redeemable Non-Convertible Debentures having face value of Rs 10 lakh each for Rs 200 crore on private placement basis in compliance with provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and other applicable Provisions. The company’s Financial Resources and Management Committee of the Board of Directors at its meeting held on October 30, 2017, approved the same.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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