Manappuram Finance raises Rs 250 crore via NCDs

Manappuram Finance on Friday said it has raised Rs 250 crore by issuing bonds on a private placement basis.

The non convertible debentures (NCDs) are to be listed on BSE, it said.

The bonds carry a coupon rate of 8.75 per cent per annum and have tenure of 18 months, said the Kerala based non-banking finance company.


Manappuram Finance stock was trading 2.95 per cent down at Rs 142.20 on BSE.