New Delhi, Jul 6 (PTI) Manappuram Finance on Monday said it will raise up to Rs 300 crore by issuing bonds on a private placement basis.

Financial resources and management committee of the company's board of directors on Monday approved the issuance of the private placement of rated, secured and redeemable non-convertible debentures up to Rs 300 crore, it said in a regulatory filing.

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Shares of Manappuram Finance on Monday closed at Rs 161.60 apiece on the BSE, up 0.25 per cent from the previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)