Manappuram Finance Limited announced that the financial Recourse and Management Committee of the Board of Directors of the company at its meeting held on 31st December, 2019, approved the allotment of 3,500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of face value of INR 1 million each, aggregating to INR 3,500 million on a Private Placement basis.