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Manappuram Finance to raises Rs 6,000 crore capital through NCDs in FY25

Besides, the board has also approved the issuance of secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures for an aggregate amount of Rs 25 crore

Exim bank

This is the fundraise plan for the financial year 2024-25.

Press Trust of India New Delhi

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Gold loan financier Manappuram Finance on Tuesday said it has received board approval to issue redeemable non-convertible debentures (NCDs) up to the overall limit of Rs 6,000 crore by way of private placement or public issue in one or more tranches to meet business growth.
This is the fundraise plan for the financial year 2024-25.
Besides, the board has also approved the issuance of secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures for an aggregate amount of Rs 25 crore on a private placement basis, the company said in a regulatory filing.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 19 2024 | 7:55 PM IST

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