Manjushree Finance to come up with 5 lakh unit debentures; to provide a safe return of 10.5% interest semi-annually to the investors

Wed, Jul 1, 2020 7:08 AM on Bonds & Debentures, Latest,

Manjushree Finance has appointed NIBL Ace Capital Limited as an issue manager to float its 5 lakh unit Debenture program.

Out of the total 5 lakh unit debentures worth Rs 1000 each, the finance company will issue 3 lakh units through private placement method and the remaining 2 lakh units for the general investors.

The agreement regarding the same was signed between CEO of Manju Shree Finance Mr. Santosh Niraula and DY CEO in NIBL Ace Capital Mr. Mekh Bahadur Thapa amid a program.

The finance company will provide 10.5% interest for the debentures semi-annually for the debenture holders, as per the statement.