Manappuram Finance Allots ₹310 Crores in NCD Private Placement
Manappuram Finance Ltd has announced the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The company approved the issuance of NCDs on July 28, 2026, following a Board of Directors' meeting on March 30, 2026. A total of 85,000 NCDs were allotted across two series: Series A for ₹250 crores and Series B for ₹600 crores. These are rated, subordinated, unsecured, listed, transferable, and redeemable NCDs. Series A has a tenure of 6 years with an annual coupon of 9.05%, maturing on August 14, 2032. Series B has a tenure of approximately 10 years with an annual coupon of 9.10%, maturing on August 14, 2036. The allotment is within the limits approved by the Board and will be listed on BSE Limited. There are no charges created over assets, and no special rights are attached to these instruments.
Key Highlights
- Manappuram Finance allotted NCDs worth ₹310 Crores via private placement.
- Two series of NCDs issued: Series A (₹250 Cr) and Series B (₹600 Cr).
- NCDs carry annual interest rates of 9.05% and 9.10% respectively.
- Series A matures in 6 years, Series B in approximately 10 years.
- The issuance is listed on BSE Limited and within board-approved limits.
Price Impact
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