Manba Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/06/2025 ,inter alia, to consider and approve Manba Finance Ltd has informed ....
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Manba Finance has informed the stock exchanges that its Board of Directors will meet on June 20, 2025. The key agenda item is to consider and approve a fresh issue of Secured Non-Convertible Debentures, Perpetual Debt Instruments, Unsecured Subordinated Non-Convertible Debentures, bonds, and other debt securities up to INR 200 Crores. The issuance will be on a private placement basis and may happen in one or more tranches. No equity dilution is involved as the instruments being raised are pure debt.
The INR 200 Crore debt raise will likely be used to fund lending operations, which is positive for business growth. However, it will increase the company's interest expenses and leverage. Existing shareholders are not directly diluted, but rising debt levels warrant monitoring of asset quality and interest coverage ratios.