Manappuram Finance Ltd. to Raise up to Rs. 7,400 Crore, Appoints New Group Chief Technology Officer

Manappuram Finance Ltd. announced that its Board of Directors has approved the raising of up to Rs. 7,400 Crore through listed non-convertible debentures in FY 2027. The Board also approved a borrowing program for the Financial Year 2026-27, which includes the issuance of redeemable non-convertible debentures up to an overall limit of Rs. 7,400 Crore. Additionally, the Board approved the appointment of Mr. Narayanan Easwaran as the Group Chief Technology Officer and Senior Management Personnel of the Company, effective from March 30, 2026. The Company also announced additional investments in Asirvad Micro Finance Limited and Manappuram Home Finance Limited.