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Manappuram Finance board mulls debt securities

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Mumbai, March 1 (IANS) Manappuram Finance on Monday said that its Board of Directors is likely to consider and approved the issuances of debt securities this month.

In a regulatory filing, the company said that it is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore or 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 and / or 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 March, 2021, subject to such terms and conditions including the issue price of debt securities, as the Board / respective Committee may deem fit,” it said.

Around 1.15 p.m., its shares on the BSE were trading at Rs 173.50, lower by Rs 2.70 or 1.53 per cent from its previous close.




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