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DCM Manappuram

Sector: Commercial • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project is a senior secured loan of up to US$ 100 million in equivalent INR in the Company through subscription to non-convertible debentures (NCDs) to an existing IFC portfolio client, Manappuram Finance Limited (MFL or the Company), for a tenor of up to 3 years. The proposed project supports underserved individuals in the economy with focus on directing a portion of the debt towards

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Project Information

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The project “DCM Manappuram” is an infrastructure initiative in the Commercial sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

The proposed project is a senior secured loan of up to US$ 100 million in equivalent INR in the Company through subscription to non-convertible debentures (NCDs) to an existing IFC portfolio client, Manappuram Finance Limited (MFL or the Company), for a tenor of up to 3 years. The proposed project supports underserved individuals in the economy with focus on directing a portion of the debt towards women borrowers. MFL is a registered NBFC under the Reserve Bank of India (RBI) primarily offering gold loans, i.e., loans against pledge of gold jewelry. The Company was founded by Mr. V.C. Padmanabhan, father of current MD & CEO Mr. V.P. Nandakumar, in 1992 in Kerala. As on March 2022, MFL has consolidated assets under management (AUM) of INR 303bn (US$3.9bn) and a workforce of over 40,000. Its long-term debt is rated AA/stable by CRISIL.                                                                                             

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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