Manappuram Fiance raises Rs 200 crore through bonds

Manappuram Fiance raises Rs 200 crore through bonds

Manappuram Finance has raised Rs 200 crore by issuing secured bonds on a private placement basis.

The Financial Resources and Management Committee of the board of directors of the company in a meeting held today approved the allotment of 2,000 secured redeemable non-convertible debentures, the company said in a regulatory filing.

With a face value of Rs 10 lakh each, the aggregate value of the bonds issued through a private placement is Rs 200 crore.

The Kerala based non-banking finance company is one of the leading gold loan financing companies that started its operations way back in 1949.

It has over the years diversified into other financial products such as housing loans, vehicle finance, microfinance as well as a loan against property.

The stock of Manappuram Finance on Monday closed 0.41 per cent up at Rs 98 a unit on the BSE.

Comments

Post a Comment

Popular posts from this blog

JCB India launches its new 3DX ecoXPERT

Image
JCB India launches its new 3DX ecoXPERT Designed to give significant savings in Fuel and Maintenance Integrated with “IntelliPerformance” India’s leading manufacturer of Earthmoving and Construction Equipment, JCB India launched its all new 3DX ecoXPERT Backhoe Loader in Bhopal.With JCB’s ‘IntelliPerformance’ technology, which efficiently manages the energy demands of the machine, the intelligent new 3DX ecoXPERT saves fuel and reduces maintenance costs, thus leading to significant savings.Mr. Subir Kumar Chowdhury, Managing Director & CEO of JCB India says, “We are delighted to have launched our new Backhoe Loader, the 3DX ecoXPERT. This new machine is designed to give up to 12% savings on fuel and up to 22% savings on maintenance. Equipped with ‘IntelliPerformance’ technology the machine comes with advanced telematics called JCB Livelink which enables real-time fleet management of equipment for our customers. JCB has pioneered in integrating Smart technologies such as Internet o
Read more

Top features why a dedicated WordPress hosting is best for your website

Dedicated servers are often looked upon as over-expensive web hosting solutions. You may consider them an overkill for your business, but there is no denying the fact that they are the best hosting solution out there. Today, we will tell you some features of a dedicated WordPresshosting that makesit the best for your business. Reliability This is the key factor why most businesses choose a dedicated WordPress server hosting to host their website. A dedicated WordPress hosting server is administered and maintained by a team of professionals who provide online support and work towards optimising the performance of the server. Unlike shared and VPS hosting plans which give you access to limited resources, dedicated server hosting provides a good hosting support. This in turn increases the reliability. Scalability Every business aims to grow their customer base and increase revenues. However, with the limited resources provided by theshared hosting, it can be challenging to handle the high
Read more