Manba Finance Board Approves ₹99.99 Cr Preferential Issue

Manba Finance Limited's Board of Directors has approved a preferential issue to raise ₹99.99 crore. The fundraising will comprise ₹67.50 crore through equity shares for non-promoter investors and ₹32.49 crore via convertible warrants for the promoter group. This capital infusion aims to strengthen the company's capital base, fund growth in its loan book across various products (two-wheeler, three-wheeler, EV, used car, personal loan, small business loan, Micro-LAP), support geographical expansion, and for general corporate purposes. The issue is subject to shareholder and regulatory approvals. The round saw participation from marquee family offices and investors, reflecting confidence in Manba's business model and the retail lending opportunity.