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As on 21-Sep-2023  14:55

Manappuram Finance board OKs fund raising of Rs 1,000 cr

In an exchange filing, Manappuram Finance said that the special committee of the board has approved the issuance of Secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures of face value of Rs 1 lakh for an aggregate amount of Rs 1,000 crore.

Manappuram Finance is one of India's leading gold loan NBFCs.

On a consolidated basis, its net profit of Manappuram Finance jumped 75.80% to Rs 495.89 crore on 36.9% increase in total income to Rs 2057.17 crore in Q1 June 2023 over Q1 June 2022.

Shares of Manappuram Finance declined 1.90% to Rs 137.05 on the BSE.

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