Manappuram Finance Limited has informed the Exchange regarding 'Intimation of Board Committee Meeting under Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( LODR Regulations , as amended from time to time)'.
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Manappuram Finance has informed the stock exchanges that a meeting of its Financial and Resources Management Committee is scheduled for August 6, 2025. The committee will consider upgrading the company's existing Euro Medium Term Note (EMTN) programme into a Global Medium Term Note (GMTN) programme. Under this new programme, the company plans to issue senior secured notes in international markets in one or more tranches, with a total principal limit of up to USD 2 billion (around ₹16,700 crore) or its equivalent in other currencies, subject to market conditions. The notes will be offered under Regulation S and Rule 144A of the U.S. Securities Act of 1933, allowing sale to both US and non-US investors. The committee will also finalise related transaction documents, offering circulars, and approve special consolidated financial statements for disclosure alongside the notes.
This signals Manappuram Finance's intent to raise large-scale foreign currency funding from global debt markets, which can support business expansion and reduce domestic borrowing costs. However, it will increase the company's overall debt and expose it to currency and interest rate risks, which shareholders should monitor closely.