Manapurram Finance approves raising of Rs350cr

http://www.gosip4u.com/2019/12/manapurram-finance-approves-raising-of.html
ManapurramFinance announed that financial resources and management committee of the board of directors of the company held on Thursday, 26th December 2019, has approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures having face value of Rs10 lakh each for the amount of Rs350cr.

Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on December 31, 2019, to consider the proposed allotment for the said issue.

Manappuram Finance Ltd is currently trading at Rs172.35 down by Rs0.25 or 0.14% from its previous closing of Rs172.60 on the BSE.

The scrip opened at Rs172 and has touched a high and low of Rs173 and Rs171.80 respectively. So far 8,17,078 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs14,584.33cr.
 
 




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