Manappuram Fin to take up raising Rs 200 cr via pvt placement
Manappuram Finance, a gold loan NBFC, today said its board will meet next week to consider raising Rs 200 crore through allotment of non-convertible debentures on a private placement basis.
"The Financial Resources and Management Committee of the board of directors of the company... will consider the allotment of secured redeemable non-convertible debentures having face value of Rs 10 lakh each for Rs 200 crore on a private placement basis," Manappuram Finance said in a BSE filing.
Stock of the company was trading 3.61 per cent lower at Rs 97.40 on the BSE.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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