Manappuram Finance Limited at its board meeting held on July 28, 2020 approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures having face value of INR 1 Million each for the amount of 1500 million with an option to retain over subscription up to INR 3,500 million aggregating to INR 5,000 million.