Manappuram Finance Limited to raise funds through borrowings

Manappuram Finance Limited is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / 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 December, 2020, subject to such terms and conditions including the issue price of debt securities, as the Board / respective Committee may deem fit.

Shares of MANAPPURAM FINANCE LTD. was last trading in BSE at Rs.179.8 as compared to the previous close of Rs. 172.7. The total number of shares traded during the day was 911531 in over 11953 trades.

The stock hit an intraday high of Rs. 180.35 and intraday low of 172.5. The net turnover during the day was Rs. 161859839.

Source : Equity Bulls

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