By Devika Patel
Knoxville, Tenn., Aug. 25 - Manappuram Finance Ltd. informed the Bombay Stock Exchange that it launched a Rs. 4 billion offering of secured redeemable debentures on Aug. 18.
The company is selling debentures at Rs. 1,000 each, with a Rs. 3.5 billion greenshoe.
Settlement was expected Sept. 5, but this has since been moved up to Aug. 26.
Kerala, India-based Manappuram is a gold loan provider.
| Issuer: | Manappuram Finance Ltd.
|
| Issue: | Secured redeemable non debentures
|
| Amount: | Rs. 4 billion
|
| Greenshoe: | Rs. 3.5 billion
|
| Price: | Par of Rs. 1,000
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 26
|
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