India’s Manappuram Finance to issue Rs. 1.5 billion debentures

By Tali Rackner

Norfolk, Va., Sept. 11 – Manappuram Finance Ltd. informed the Bombay Stock Exchange that it plans to issue secured redeemable nonconvertible debentures with a face value of Rs. 1,000 each for a total amount of Rs. 1.5 billion.

There is an up to Rs. 1.5 billion oversubscription option, for an aggregate issue size of Rs. 3 billion.

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

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