Manba Finance Limited — QIP/Rights/Pref., 06-06-2025: Allotment of Securities
06-06-2025 | 04:59 pm
06-06-2025 | 04:59 pm
Manba Finance has allotted 50,000 secured, rated, listed, redeemable NCDs worth Rs. 50 Cr via private placement. This includes 35,000 NCDs at 11.30% interest (Rs. 35 Cr, 24-month tenure) and 15,000 NCDs at 11.35% interest (Rs. 15 Cr, ~29-month tenure). These NCDs offer monthly interest payments with principal at maturity and are backed by specific receivables. This move boosts debt capital without diluting equity or impacting promoter holding.
No comments yet. Be the first to comment!
