Latest


Manappuram Finance to raise up to Rs 250 cr via NCDs

  •   Wed, Jun 10 2020 03:07:48 PM

Mumbai, Jun 10 (IANS): Manappuram Finance plans to raise up to Rs 250 crore by issuing non-convertible debentures (NCD).

In a regulatory filing on Wednesday, the company said that the concerned committee of its board has approved the proposal.

"The Financial Resources and Management Committee of the Board of Directors approved the issuance of the private placement of rated, secured, redeemable non-convertible debentures up to Rs 250 crore," it said.

Shares of the company rose on Wednesday on the back of the announcement. At around 2.47 p.m., its shares on the BSE were trading at Rs 141.60, higher by Rs 2.60 or 1.87 per cent from its previous close.
  

Top Stories

Residential project ‘Siara Homes’ – Construction in full swing at Pakshikere

  •   4 hours ago   

Leave a Comment

Title: Manappuram Finance to raise up to Rs 250 cr via NCDs



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like