Bussiness

Manappuram Finance says it raised Rs 400 crore via issue of bonds

on Tuesday mentioned it has raised Rs 400 crore by issuing on personal placement foundation.

The Financial Resources and Management Committee of the board of administrators of the corporate has authorised the allotment of 4,000 rated, secured, redeemable non-convertible debentures aggregating to Rs 400 crore, mentioned in a regulatory submitting.

These will mature in three years and carry a coupon fee of 7.45 per cent each year.

Shares of had been buying and selling 1.79 % decrease at Rs 159.25 apiece on the BSE.

(Only the headline and movie of this report might have been reworked by the Business Standard employees; the remaining of the content material is auto-generated from a syndicated feed.)

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