Manappuram Finance to raise Rs 6K cr in FY22
The decision was taken by the board of directors at a meeting on March 19, the company said in a regulatory filing.
The decision was taken by the board of directors at a meeting on March 19, the company said in a regulatory filing.
The trading window for insiders of the company shall remain closed.
The company said that it is considering various options for raising funds through borrowings.
The tenure of the instrument is three years and the date of maturity is December 22.
The central bank has penalised Muthoot Finance Limited for non-compliance with directions issued by RBI on maintenance of loan-to-value ratio in gold loans.
