Manappuram Finance will hold a meeting of the Board of Directors of the Company on 29 January 2021.

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Manappuram Finance has allotted 4000 Rated, Secured, Redeemable Non-Convertible Debentures having a face value of Rs.10,00,000 each aggregating to Rs.400 crore on a Private Placement basis on 22 December 2020.

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The Financial Resources and Management Committee of the Board of Manappuram Finance at its meeting held on 17 December 2020 approved the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of Rs.10,00,000 each for and amount of Rs.100 crore with an option to retain over subscription upto Rs 300 crore aggregating to Rs.400 crore.

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In a BSE filing made during market hours today, the NBFC said that its board had approved issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of Rs 10 lakh each aggregating to Rs 400 crore (base size of Rs 100 crore and an option to retain oversubscription upto Rs 300 crore).

The scrip rose 0.86% to Rs 175.25, extending gains for fourth day in a row.

The stock has added 3.03% in four sessions from its recent closing low of Rs 170.10 on 11 December 2020.

Manappuram Finance is a gold loans offering non-banking financial company, engaged in providing finance against used household gold ornaments.

The NBFC reported 6.4% fall in consolidated net profit to Rs 405.44 crore on 13.5% increase in total income to Rs 1577.91 crore in Q2 FY21 over Q2 FY20.

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