On 30 December, Manappuram Finance said that it had raised Rs 250 crore by issuing bonds, and the amount will be utilised to pare its debt and shore up capital resources.

• UK Self-Driving Startup Wayve Raised USD 1.05 Billion From SoftBank Group 
• Apple Working on a Project To Develop Chip Running AI Softwares in Data Centres
• GST on Corporate Guarantees Temporily Ceased for Holding Companies in India
• Avantel Limited Shares Gain 2% on Securing Rs 2.29 Crore Order  
• India Allowed the Export of Non-Basmati White Rice to Mauritius Through National Cooperative Exports

The financial resources and management committee of the company’s board of directors in its meeting approved the allotment of secured, rated, listed, redeemable, non-convertible debentures for an amount of Rs 250 crore on a private placement basis, the company said in a regulatory filing.