New Delhi, Sept. 24 -- MANBA | BSE: 544242), a diversified, multi-product NBFC, announced that its Board of Directors has approved raising Rs.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 Rs.67.50 crore to non-promoter investors and convertible warrants worth Rs.32.49 crore to the promoter group.

The round has drawn participation from a diverse set of marquee investors and family offices, including family offices of Indian business groups, investment funds and high-net-worth in...