Manappuram Finance withdraws release on securing funding from NABARD

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Updated: Mar 28, 2019 6:04 PM

The release titled 'Manappuram Finance secures Rs 695 crore debt funding from NABARD' is being "retracted with immediate effect due to factual inaccuracies in statement as well as transaction", the company said.

Data Drive: Have fund-raising concerns for NBFCs eased? (Illustration: Shyam Kumar Prasad)Manappuram Finance also said it would come out with a revised announcement as soon as it is ready.

Non-banking finance company Manappuram Finance Thursday withdrew a release it had issued earlier in the day regarding securing debt funding from NABARD.

The release titled ‘Manappuram Finance secures Rs 695 crore debt funding from NABARD’ is being “retracted with immediate effect due to factual inaccuracies in statement as well as transaction”, the company said.

Manappuram Finance also said it would come out with a revised announcement as soon as it is ready.

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