Debentures from Manappuram Finance
Posted on: 13/Sep/2014 3:19:09 PM
Manappuram finance a gold loan company in India has come forward to issue debentures which cannot be converted into shares. With this, the company has plans to collect Rs 150 crore, say its director, V.P. Nandhakumar. He also added that the face value of these shares will be Rs 1000 each. The maturity period of these shares will be between 400 days and 75 months. Furthermore, these shares will receive 12.1 per cent interest in an yearly basis.
These shares will be available for sale between September 15 and October 8.
