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India’s Manappuram plans Rs. 2.5 billion of secured redeemable notes
By Susanna Moon
Chicago, July 29 – Manappuram Finance Ltd. notified the Bombay Stock Exchange that it plans to price Rs. 2.5 billion of secured redeemable debentures.
The company will issue 2,500 secured redeemable notes with a face value of Rs. 1 million each in a private placement, with allotment on Aug. 5, according to the notice.
The non-banking finance company is based in Thrissur, India.
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