India’s Manappuram plans Rs. 2 billion secured redeemable debentures

By Susanna Moon

Chicago, June 29 – Manappuram Finance Ltd. notified the Bombay Stock Exchange that it will allot Rs. 1,995,000,000 of secured redeemable debentures.

The issue was approved at a board meeting held Friday, according to the notice.

The company will sell 1,995 of the debentures with a face value of Rs. 10 lakh each by way of a private placement.

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

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