Manappuram Finance Limited informed that the Financial Recourse and Management Committee of the Board of Directors of the Company at its meeting held on 18th November, 2019, approved the allotment of 2,000 Secured, Rated, Listed, Redeemable Non ­Convertible Debentures (NCDs) of face value of INR 1 million each, aggregating to INR 2,000 million on a Private Placement basis.