Manappuram Finance Limited (the “Company”) is one of the major NBFC players in the gold finance business in India. (Source: CRISIL Report) They provide loans against the pledge of household and/or used gold jewellery and provide short term personal and business gold loans (“Gold Loans”) primarily to retail customers.
The Tranche 1 Issue of secured, redeemable, non convertible debentures of face value of Rs. 1,000 each (“NCDs”) for an amount aggregating up to Rs. 10,000 million (“Shelf Limit”) opened on October 24, 2018. The base issue size of the tranche 1 issue is Rs. 2,000 million with an option to retain oversubscription up to Rs. 8,000 million aggregating up to the shelf limit (“Tranche 1 Issue / Tranche 1 Issue Size”).
The Tranche 1 Issue is scheduled to close on November 22, 2018 with an option of early closure or extension as decided by the Board of Directors of the Company (“Board”) or the Debenture Committee of the Company as the case may be.
