Manappuram Finance to raise INR 43.85bn via issue
Manappuram Finance (MANAPPURAM:BSE) announced plans to raise approximately ₹43.85 billion through a preferential issue of equity shares and warrants on a private placement basis. The company will increase its authorized share capital from ₹200 crore to ₹300 crore. The board has approved issuing 92.9 million equity shares to BC Asia Investments XXV Limited and 92.9 million warrants to BC Asia Investments XIV Limited, each convertible to one equity share. BC Asia Investments will each become a promoter after this.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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