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Manappuram Finance to raise up to Rs 7,800 cr in FY23

The gold financier mentioned it proposed to record the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will probably be determined by the board on the time of allotment.

Manappuram Finance on Saturday mentioned its board has authorised a proposal to boost as much as Rs 7,800 crore within the subsequent monetary 12 months.

“The board of directors at its meeting held on today has considered and approved fund raising programme of the company for FY 2022-23, which includes issuance of redeemable non-convertible debentures up to the overall limit of Rs 7,800 crore by way of private placement or/and public issue in one or more tranches,” Manappuram Finance mentioned in a regulatory submitting.

The gold financier mentioned it proposed to record the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will probably be determined by the board on the time of allotment.



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