<p>Non-banking financial company Manappuram Finance on Wednesday said its board has approved raising up to Rs 150 crore through issuance of non-convertible debentures (NCDs) on private placement basis.</p>.<p>The board of directors of Manappuram Finance has approved the issuance of market linked, rated, secured, redeemable non-convertible debentures for Rs 100 crore with an option to retain oversubscription up to Rs 50 crore aggregating to Rs 150 crore on private placement route," the lender said in a regulatory filing.</p>.<p>Manappuram Finance said its board also approved allotment of 1,000 secured rated redeemable non-convertible debentures having the face value of Rs 10,00,000 each aggregating to Rs 100 crore on a private placement basis</p>.<p>The non-convertible debentures are to be listed on BSE, it said.</p>.<p>Shares of Manappuram Finance were trading 2.34 per cent higher at Rs 159.50 apiece on BSE.</p>
<p>Non-banking financial company Manappuram Finance on Wednesday said its board has approved raising up to Rs 150 crore through issuance of non-convertible debentures (NCDs) on private placement basis.</p>.<p>The board of directors of Manappuram Finance has approved the issuance of market linked, rated, secured, redeemable non-convertible debentures for Rs 100 crore with an option to retain oversubscription up to Rs 50 crore aggregating to Rs 150 crore on private placement route," the lender said in a regulatory filing.</p>.<p>Manappuram Finance said its board also approved allotment of 1,000 secured rated redeemable non-convertible debentures having the face value of Rs 10,00,000 each aggregating to Rs 100 crore on a private placement basis</p>.<p>The non-convertible debentures are to be listed on BSE, it said.</p>.<p>Shares of Manappuram Finance were trading 2.34 per cent higher at Rs 159.50 apiece on BSE.</p>