Manba Finance Allots ₹90 Cr in NCDs

Manba Finance Ltd has announced the allotment of 9,000 Rated, Unsubordinated, Listed, Secured, Transferable Redeemable Non-Convertible Debentures (NCDs) worth ₹90,00,00,000 (₹90 Crores) on a private placement basis. The Finance Committee of the Board of Directors approved the allotment on August 24, 2026. These NCDs carry a coupon rate of 10.60% and have a tenure of 27 months and 4 days, with maturity on November 28, 2028. The principal and interest will be paid quarterly. The NCDs are secured by a first-ranking charge on identified receivables, specifically 'Hypothecated Book Debts', which will be maintained at 1.1x the outstanding amount. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.