Manappuram Finance Ltd has knowledgeable that Monetary Sources and Administration Committee of the Board of Administrators of the Firm at its assembly held on July 20, 2022 authorized the allotment of MIBOR LINKED SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES (NCDs) of face worth of Rs10 lakh every for an quantity of Rs770 crore on personal placement foundation.

In response to the submitting, tenure of the allotment is three years the place date of  allotment is July 20, 2022 and date of maturity is July 20, 2025.

“The Debentures are secured by a primary rating pari passu cost by the use of hypothecation over the Receivables”, the corporate mentioned on Wednesday.

At round 11:55 AM, Manappuram Finance was buying and selling at Rs94.05 per share down by Rs0.45 or 0.48% from its earlier closing of Rs94.50 per share on the BSE.