Manba Finance Limited — QIP/Rights/Pref., 27-03-2025: Allotment of Securities

Manba Finance Limited has announced a board meeting where the Finance Committee approved the allotment of 25,000 Secured, Rated, Listed, Redeemable, Taxable Non-Convertible Debentures (NCDs) at ₹10,000 each, amounting to ₹25 crores on a private placement basis. The NCDs will yield an 11.35% interest rate, paid monthly, with a tenure of 19 months. By securing funding through NCDs, the company aims to bolster its financial stability, which could foster positive investor sentiment and enhance growth opportunities. Overall, this move indicates a proactive approach to capital management in the current market landscape.