Investment6 Aug 2025, 11:47 am
Manappuram Finance Ltd. Approves Global Medium Term Note Programme of Up to USD 2 Billion
AI Summary
Manappuram Finance Ltd. has approved the update/conversion of its existing euro medium term note programme into a global medium term note programme (GMTN Programme) with a limit of up to USD 2 billion. The Company will execute definitive documents for the GMTN Programme and issuance of senior secured notes. The GMTN Programme and issuance of notes will be subject to market conditions and regulatory compliances. The Company has also delegated power to certain authorised officers for related actions.
Key Highlights
- Manappuram Finance Ltd. approves Global Medium Term Note Programme of up to USD 2 billion
- The Company to execute definitive documents for the GMTN Programme and issuance of senior secured notes
- The GMTN Programme and issuance of notes subject to market conditions and regulatory compliances
- Special consolidated financial statements of the Company to be disclosed in the transaction documents
- Power delegated to certain authorised officers for related actions