Manappuram Finance Limited announced that financial resources and management committee of the board of directors of the company held on March 20, 2020 approved the issuance of the private placement of rated, secured, redeemable non- convertible debentures up to INR 2,000 million. Furthermore, the financial resources and management committee of the board of directors of the company will be held on March 27, 2020 to consider the proposed allotment for the said issue.