Manappuram Finance to raise up to Rs 7,800 cr in FY23

by 5paisa Research Team Last Updated: Oct 10, 2023 - 11:26 am 32.8k Views
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Manappuram Finance on Saturday said its board has approved a proposal to raise up to Rs 7,800 crore in the next financial year.

The board of directors at its meeting held on today has considered and approved the fundraising program of the company for FY 2022-23, which includes the issuance of redeemable non-convertible debentures up to the overall limit of Rs 7,800 crore by way of private placement or/and public issue in one or more tranches.

The gold financier said it proposed to list the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity, and the coupon will be decided by the board at the time of allotment.

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