Manba Finance Limited has announced that its Board of Directors will meet on November 28, 2024, to consider and approve the issuance of fresh debt securities. The company plans to raise up to INR 200 crore through the issuance of Secured Non-Convertible Debentures (NCDs), Perpetual Debt Instruments, Unsecured Subordinated NCDs, bonds, or other debt securities on a private placement basis. The issuance will take place in one or more tranches.
This move aims to bolster the company’s financial position by securing funds through private placements, as it continues to explore options for growth and expansion.
The decision aligns with the company’s strategy to enhance its debt portfolio and expand capital resources for future business operations.
