Manappuram Finance Limited announced that Financial Resources and Management Committee of the Board of Directors of the Company at its meeting held on August 10, 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 INR 500 million with an option to retain over subscription up to INR 500 million aggregating to INR 1,000 million.