Manappuram Finance board OKs fund raising of Rs 1,000 cr

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Manappuram Finance board OKs fund raising of Rs 1,000 cr	Share Back
(14:55, 21 Sep 2023)
In an exchange filing, Manappuram Finance said that the special committee of the board has approved the issuance of Secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures of face value of Rs 1 lakh for an aggregate amount of Rs 1,000 crore. Manappuram Finance is one of India's leading gold loan NBFCs. On a consolidated basis, its net profit of Manappuram Finance jumped 75.80% to Rs 495.89 crore on 36.9% increase in total income to Rs 2057.17 crore in Q1 June 2023 over Q1 June 2022. Shares of Manappuram Finance declined 1.90% to Rs 137.05 on the BSE.
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