Manappuram Finance to raise up to Rs 1,150 cr through issuance of debentures

Manappuram Finance Ltd on Friday said it plans to raise up to Rs 1,150 crore through issuance of debentures

|Feb 07, 2020, 15:26:09 IST

New Delhi: Manappuram Finance Ltd on Friday said it plans to raise up to Rs 1,150 crore through issuance of debentures. "Financial resources and management committee of the board of directors of the company held on 7 February, 2020 approved the issuance and private placement of rated, secured, redeemable non-convertible debentures up to Rs 1,150 crore," Manappuram Finance said in a regulatory filing. A meeting of the financial resources and management committee of the board of directors of the company will be held on 14 February, 2020 to consider the proposed allotment for the said issue, it said. Shares of Manappuram Finance were trading at Rs 166.90 a piece on BSE, down 2.03 percent from the previous close.

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Manappuram Finance to raise up to Rs 1,150 cr through issuance of debentures

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India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range

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