Manba Finance Limited has informed the Exchange regarding allotment of 2500 securities pursuant to Non Convertible Securities at its meeting held on September 24, 2025
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Manba Finance has allotted 2,500 secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis via a Finance Committee meeting held on September 24, 2025. Each NCD has a face value of ₹1,00,000, taking the total issue size to ₹25 crore. The NCDs carry a coupon of 10.95% per annum, payable monthly, with principal repayable on maturity. The tenor is about 24 months and 26 days, maturing on October 20, 2027.
The ₹25 crore NCD raise will add to Manba Finance's funding base for lending operations, though at a 10.95% borrowing cost it is relatively expensive debt. Since this is a private placement of listed NCDs, existing shareholders face no dilution, but overall leverage and interest costs will rise.