Manappuram Finance to raise up to Rs 6,000 crore in next fiscal
The decision was taken by the board of directors at a meeting held on Friday (March 19), the company said in a regulatory filing.
By Sutanuka Ghosal, ET Bureau |
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Kolkata: Gold loan non-banking finance company (NBFC) Manappuram Finance on Friday announced that it will raise up to Rs 6,000 crore in the next fiscal.
The decision was taken by the board of directors at a meeting held on Friday (March 19), the company said in a regulatory filing.
"The board of directors of Manappuram Finance Limited at its meeting held on today has considered and approved the fundraising programme of the company for FY 2021-2022, which includes the issuance of redeemable non-convertible debentures to the tune of Rs 6,000 crore," it said.
The fundraising will be through various ways, including the issuance of redeemable non-convertible debentures on private placement and/or a public issue in one or more tranches.
The decision was taken by the board of directors at a meeting held on Friday (March 19), the company said in a regulatory filing.
"The board of directors of Manappuram Finance Limited at its meeting held on today has considered and approved the fundraising programme of the company for FY 2021-2022, which includes the issuance of redeemable non-convertible debentures to the tune of Rs 6,000 crore," it said.
The fundraising will be through various ways, including the issuance of redeemable non-convertible debentures on private placement and/or a public issue in one or more tranches.
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