Manappuram Finance Limited

Manappuram Finance Limited has considered and approved fund raising program of the Company for FY 2022-23, which interalia includes issuance of redeemable Non-Convertible Debentures upto the overall limit of Rs. 7,800 Crores by way of private placement or/and public issue in one or more tranches as may be decided by the Board of Directors or its committee thereof from time to time.

Manappuram Finance Ltd. is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO, its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan. The firm was involved in pawn broking and money lending carried out on a modest scale. Shri Nandakumar took over the reins in 1986 after his father expired.

Manappuram Finance Limited to raise Rs 7800 crores via NCDs