Latest News | Manappuram Finance to Raise Up to Rs 250 Cr Via Debentures

New Delhi, Jun 10 (PTI) Manappuram Finance on Wednesday said that it plans to raise up to Rs 250 crore through non-convertible debentures.

In a regulatory filing, Manappuram Finance informed stock exchanges that the "financial resources and management committee of its board of directors has approved the issuance of the private placement of rated, secured, redeemable non-convertible debentures up to Rs 250 crore".

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Shares of the lender were trading at Rs 141.90 a piece on BSE in morning trade, up 2.09 per cent from their 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)