Manappuram Finance, the well known gold mortgage firm has increased Rs 200 crore during issuance of secured usable non-convertible debentures (NCDs) on a private placement basis to ICICI Prudential Mutual Fund.

Company’s regulatory filing said that,“Financial Resources and Management committee of Board of Directors of the company allotted 2000 secured redeemable non-convertible debentures by way of private placement, having face value of Rs 10,00,000 each aggregating to Rs 200 crore on September 12, 2016 to ICICI Prudential Mutual Fund,"

The company, which started as a gold loan company, has today prolonged and undertaking into foreign exchange and money transfer as part of diversification.