Manba Finance Limited has informed the Exchange regarding 'General Update on Board Meeting Outcome'.
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The Board of Directors of Manba Finance Limited, at their meeting held on June 20, 2025, approved a fresh issue of secured non-convertible debentures (NCDs), perpetual debt instruments, unsecured subordinated NCDs, bonds, or other debt securities aggregating up to INR 200 Crores. The issuance will be on a private placement basis, in one or more tranches. The Board has also authorised the Finance Committee to oversee and execute the issuance.
This fundraise of up to INR 200 Crores will help Manba Finance strengthen its capital base for lending operations, which is positive for business growth. Existing shareholders may face some dilution of equity value over time as the company takes on more debt, though NCDs themselves do not dilute equity.