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    Manappuram Finance okays Rs 300 crore fund raise by issuing bonds

    Synopsis

    Shares of Manappuram Finance on Monday closed at Rs 161.60 apiece on the BSE, up 0.25 per cent from the previous close.

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    Financial resources and management committee of the company's board of directors on Monday approved the issuance of the private placement of rated, secured and redeemable non-convertible debentures up to Rs 300 crore.
    New Delhi: Manappuram Finance on Monday said it will raise up to Rs 300 crore by issuing bonds on a private placement basis.

    Financial resources and management committee of the company's board of directors on Monday approved the issuance of the private placement of rated, secured and redeemable non-convertible debentures up to Rs 300 crore, it said in a regulatory filing.

    Shares of Manappuram Finance on Monday closed at Rs 161.60 apiece on the BSE, up 0.25 per cent from the previous close.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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