Manappuram Finance Limited to consider fund raising options

Manappuram Finance Limited is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / offshore securities market by Public Issue, on Private Placement Basis or through issuing Commercial Papers. Based on the prevailing market conditions, the Board of Directors / Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of November, 2022, subject to such terms and conditions including the issue price of debt securities, as the Board / respective Committee may deem fit.

Shares of Manappuram Finance Limited was last trading in BSE at Rs. 103.75 as compared to the previous close of Rs. 103.45. The total number of shares traded during the day was 33479 in over 902 trades.

The stock hit an intraday high of Rs. 105.25 and intraday low of 103.45. The net turnover during the day was Rs. 3486494.00.

Source : Equity Bulls

Keywords

ManappuramFinance INE522D01027 FundRaising