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, Manappuram Finance mentioned in a regulatory submitting.
These bonds will mature in three years and carry a coupon fee of 7.45 per cent each year.
Shares of Manappuram Finance 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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