The said NCDs would be secured, non-cumulative, redeemable, listed, rated and taxable.

The announcement was made during market hours today.

Manappuram Finance is one of India's leading gold loan NBFCs.

The NBFC’s consolidated net profit jumped 46.08% to Rs 572.87 crore on 34.41% increase in revenue to Rs 2,305.28 crore in Q2 FY24 over Q2 FY23.

The scrip was up 0.03% to currently trade at Rs 182.05 on the BSE.