India’s Manappuram may issue onshore or offshore debt securities

By Sarah Lizee

Olympia, Wash., June 15 – Manappuram Finance Ltd. informed the Bombay Stock Exchange that it is considering raising funds.

Borrowings may include onshore or offshore debt securities through public issue or private placement, or commercial paper.

The company said that based on the market conditions, the financial resources and management committee/debenture committee of the board of directors will consider and approve any issuances during the month ending June 30.

The non-banking finance company is based in Thrissur, India.

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