In an exchange filing, Manappuram Finance said that the special committee of the board will consider and approve the issuance of secured, rated redeemable non-convertible debentures of upto $100 million, in INR equivalent.
Manappuram Finance is one of India's leading gold loan NBFCs. The company reported a 44.2% fall in consolidated net profit to Rs 261.10 crore on an 8.5% decline in total income to Rs 1,491.31 crore in Q4 FY22 over Q4 FY21.
Shares of Manappuram Finance were down 1.63% to Rs 87.45 on the BSE.
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