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Manba Finance allotted equity shares and convertible warrants under a preferential issue at ₹135 per security. The equity subscription outcome totals ₹57.50 Crore from 13 investors.
Manba Finance allotted 42.59 lakh equity shares and 24.07 lakh warrants on a preferential basis. Aggregate issue consideration is ₹90.00 Crore, with promoters receiving warrants.
Manba Finance appointed CARE Ratings as monitoring agency for its ₹100 Cr preferential issue proceeds. This is a post-allotment regulatory compliance step under SEBI ICDR Regulations.
Manba Finance issues a corrigendum to its EGM notice, providing necessary clarifications regarding the proposed preferential issue of equity shares and warrants.