New Delhi: Manba Finance Limited, a diversified, multi-product NBFC, today announced that its Board of Directors has approved raising ₹99.99 crore through a preferential issue of securities. The issue will be made under the Companies Act, 2013 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018. It is subject to shareholder approval and any other regulatory approvals required.
The issue comprises equity shares worth ₹67.50 crore to non-promoter investors and convertible warrants worth ₹32.49 crore to the promoter group.
The round has drawn strong participation from a diverse set of marquee investors and family offices, including family offices of well-known Indian business groups, investment funds and high-net-worth individuals. Their participation reflects growing confidence in Manba’s business model, its execution track record and the long-term opportunity in retail lending.
The promoter group, through Manba Investments and Securities Private Limited and Manish K. Shah, will subscribe to warrants worth ₹32.49 crore. This is the largest single commitment in the round and reflects the promoters’ confidence in Manba’s long-term prospects.
