Debt financing

IFC invests $100-M in gold loans firm Manappuram

Investor Disclosure  

IFC proposes to provide a senior secured loan of up to USD 100 million through subscription to non-convertible debentures (NCDs) of Manappuram Finance Ltd (MFL) with a tenor of 3 years. Thrissur (Kerala) based, publicly listed MFL primarily offers gold loans and has 5,000 branches across 29 states in India.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.