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Last Updated : Sep 07, 2020 07:46 PM IST | Source: PTI

Manappuram Finance raises Rs 100 crore by issuing bonds

The date of allotment of bonds is September 7, 2020 and date of maturity is March 7, 2023.

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Manappuram Finance on Monday said it has raised Rs 100 crore by issuing bonds on a private placement basis.

The Financial Recourse and Management Committee of the company’s board at its meeting held on September 7 approved the allotment of 1,000 market linked, rated, secured, redeemable non-convertible debentures aggregating to Rs 100 crore on a private placement basis, it said in a regulatory filing.

The tenure of the bonds is two year and six months.

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The date of allotment of bonds is September 7, 2020 and date of maturity is March 7, 2023.

Manappuram Finance stock settled at Rs 145.65 on BSE, down 4.27 percent from previous close.
First Published on Sep 7, 2020 07:46 pm
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