India’s Manappuram committee OKs up to Rs. 250 million of debentures

By Sarah Lizee

Olympia, Wash., June 18 – Manappuram Finance Ltd. informed the Bombay Stock Exchange that the financial resources and management committee of its board of directors met on Thursday and approved a private placement of up to Rs. 250 million of nonconvertible debentures.

The debentures would carry a greenshoe of up to Rs. 3.25 billion.

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

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