Mumbai, March 31 -- Fund-raising program includes issuance of redeemable non-convertible debentures (NCDs) up to an overall limit of Rs 5,500 crore by way of private placement or public issue in one or more tranches.

The board of directors or its committee thereof will decide whether the proposed issue shall be listed or not unlisted.

Founded in 1949, Manappuram Finance is a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India. It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance and SME lending, establishing itself as a...