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India’s Manappuram Finance board to consider Rs. 2 billion of debt
By Tali Rackner
Norfolk, Va., Aug. 24 – Manappuram Finance Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Monday to consider a proposal to issue Rs. 2 billion of secured redeemable nonconvertible debentures.
The bonds will be issued by way of private placement.
The non-banking finance company is based in Thrissur, India.
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