Saikat Das
Moneycontrol.com
The competition gets tougher for non-banking finance companies or NBFCs, tapping public money to meet their funds requirement through non-convertible debenture issues.
Gold loan company Manappuram Finance closed its issue on August 26, much earlier than the scheduled closing date on September 5. The company mopped up Rs 470 crore as against the targeted Rs 750 including an oversubscription of Rs 300 crore.
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