HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Manappuram Finance to raise up to $500 million through external commercial borrowing
Apr-20-2024

Manappuram Finance has received approval for raising up to $500 million (about Rs 4,100 crore) by way of external commercial borrowings (ECBs). The funds would be raised in one or more tranches. Financial resources and management committee of the Board of Directors of the company, at its meeting held on April 19, 2024, has approved the same.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.


  RELATED NEWS >>