MANAPPURAM

MUMBAI, Dec 30 (Reuters) - India's Manappuram Finance MNFL.NS accepted bids worth 5 billion rupees ($55.7 million) for bonds maturing in two years, three bankers said on Tuesday.

The lender will pay a coupon of 8.15% and had invited commitment bids for the issue on Monday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on December 30:

*Size includes base plus greenshoe for some issues

($1 = 89.7500 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, Dec 29 (Reuters) - India's Manappuram Finance MNFL.NS plans to raise up to 10 billion rupees ($111.33 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in two years, three bankers said on Monday.

The lender has invited coupon and commitment bids for the issue later in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on December 29:

*Size includes base plus greenshoe for some issues

($1 = 89.8210 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

(([email protected], [email protected]))

Sept 17 (Reuters) - Manappuram Finance Ltd MNFL.NS:

• MANAPPURAM FINANCE LTD - RBI APPROVES MANAGEMENT CHANGE AT MANAPPURAM FINANCE

Source text: ID:nBSE759pbc

Further company coverage: MNFL.NS

(([email protected];))

Aug 8 (Reuters) - Indian gold-loan financier Manappuram Finance MNFL.NS reported a drop in first-quarter profit on Friday, hurt by a jump in bad loan provisions.

The company's consolidated net profit fell 75% year-on-year to 1.38 billion rupees for the quarter ended June 30.

Manappuram approved the appointment of V. P. Nandakumar as the chairman of the company.

(Reporting by Nishit Navin; Editing by Janane Venkatraman)

(([email protected];))

June 24 (Reuters) - Manappuram Finance Ltd MNFL.NS:

• INDIA COMPETITION REGULATOR: APPROVES PROPOSED COMBINATION FOR ACQUISITION IN MANAPPURAM FINANCE, MANAPPURAM ASSET FINANCE BY BAIN CAPITAL

Source text: [ID:]

Further company coverage: MNFL.NS

(([email protected];;))

** Shares of Muthoot Finance MUTT.NS settle 4% higher at 2,542.90 rupees

** Gold loan provider's market capitalisation crosses 1 trillion rupees after recent rally; last at 1.02 trillion rupees

** RBI on Friday relaxed norms for small-ticket loans

** Stock on track to rise for seventh straight session, gaining 23% in the period

** Rally began after country's finance ministry sought easing of RBI proposals on gold loans in late May

** MUTT up 19% YTD vs 40% rise in rival Manappuram Finance MNFL.NS

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

** Shares of Indian gold financiers jump

** Manappuram Finance MNFL.NS up ~3%, while Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS jump ~7% and ~5%, respectively

** Reserve Bank of India will finalise regulations on gold loans by early next week, chief Sanjay Malhotra says

** Adds aims to increase loan-to-value ratio to 85% from 75% currently for loans below 250,000 rupees ($2,916)

** Loan-to-value ratio compares the loan amount to the asset's value

** The proposal of a higher LTV is a big positive and will boost credit growth for gold lenders, especially Muthoot and Manappuram, says Elara Securities analyst Shweta Daptardar

** No credit appraisals required for loans up to 250,000 rupees also positive for these lenders with minimal disruption to existing operational systems, Daptardar adds

** On an avg, MUTT is rated "buy", MNFL "hold" and IIFL "strong buy" - data compiled by LSEG

** YTD MUTT up 14%, MNFL up 28% and IIFL 8% higher

($1 = 85.7180 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Indian gold loan financiers up between 2% to 8%

** Federal finance ministry seeks relaxation in the new rules on gold loans proposed by the central bank

** Muthoot Finance MUTT.NS up 7.59%, Manappuram Finance MNFL.NS up 3.1% and IIFL Finance up IIFL.NS up 2.16%

** Central bank, in April, proposed tighter rules for monitoring and disbursement of gold loans, often used by low income borrowers

** Finance Ministry proposes small ticket borrowers below 200,000 rupees ($2344.05) should be excluded from the tighter rules to ensure speedy disbursements

** Final rules by central bank yet to be issued as it seeks comments

** MUTT said in mid-May that the proposed central bank regulations could drive borrowers away from formal lenders to unregulated players

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Gold loan providers Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS extend losses from Wednesday, losing 6% and 1.2% respectively; markets shut on Thursday

** Manappuram Finance MNFL.NS inches up 0.2%

** India's central bank proposed stricter rules for gold loan providers on Wednesday, including cap of 75% on loan-to-value ratio, standardised procedure to assess gold purity, rules on collateral management

** Kotak Institutional Equities downgrades MUTT to 'ADD' from 'BUY', moderating growth and margin assumptions

** Says it expects overhang of regulatory changes to temper stock performance

** Macquarie says LTV rules could reduce effective LTV of product given buffers needed for gold price fluctuations, interest payments, while new rules on collateral management could hit potential demand

** Muthoot Finance fell 6.7%, IIFL Finance lose 2.5%, Manappuram Finance declined 1.8% on Wednesday after RBI proposal

** Broader market .NSEI climbs 1.6% on Friday on U.S. tariff reprieve .BO

(Reporting by Chris Thomas in Bengaluru)

(([email protected]))

Updates

** Shares of Indian gold loan providers trim losses; Muthoot Finance MUTT.NS down 4.8%, IIFL Finance IIFL.NS down 2.5% and Manappuram Finance MNFL.NS dip 1.5%

** Reserve Bank Of India governor on Wednesday clarified that central bank is not looking to tighten gold loan rules

** In the monetary policy address on Wednesday, RBI chief had said that the central bank will issue comprehensive regulations on prudential norms and conduct-related aspects for gold loan providers

** MUTT fell as much as 12% after monetary policy speech, while IIFL lost as much as 8.3%

** Reuters reported last month that RBI plans to ask lenders to follow stricter underwriting processes for gold loans

** MUTT up 2.6% YTD, IIFL down 21% YTD.

** YTD, MNFL up 20%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))

March 25 (Reuters) - Manappuram Finance Ltd MNFL.NS:

• MANAPPURAM FINANCE LTD - BOARD TO MEET ON MARCH 29 TO CONSIDER BORROWING PROGRAM

• MANAPPURAM FINANCE LTD - TO CONSIDER BORROWING PROGRAM FOR FY 2025-26

Source text: ID:nBSE4Tf9VS

Further company coverage: MNFL.NS

(([email protected];))

Updates

** Shares of Manappuram Finance MNFL.NS rise as much as 13.8% to a record high of 247.6 rupees

** Stock currently up 9.7% at 238.6 rupees; rises above Bain Capital's offer price of 236 rupees apiece

** The gold loan provider said on Thursday Bain Capital will acquire an 18% stake in co at a premium to MNFL's last close

** The asset manager will subscribe to MNFL's shares and warrants at a 30% premium over its six-month average trading price and ~9% premium to its last close

** MNFL among top gainers on Nifty SmallCap 100 index .NIFSMCP100, which is up 0.61%

** Nearly 128.7 mln shares change hands, 8x its 30-day avg

** 13 analysts covering the stock on avg have a "hold" rating; median PT is 205 rupees - LSEG data

** Stock up 15% so far this year vs a 14% drop in Nifty SmallCap 100 index

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

March 20 (Reuters) - Indian gold loan provider Manappuram Finance MNFL.NS on Thursday said Bain Capital would buy an 18% stake in the company for 43.85 billion rupees ($508 million)

($1 = 86.3290 Indian rupees)

(Reporting by Nishit Navin; Editing by Anil D'Silva)

(([email protected];))

** Shares of Muthoot Finance MUTT.NS rise 2.4% to 2235 rupees, set to snap three-straight days of losses

** Gold loans financier gets the Reserve Bank of India's permission to open 115 new branches

** Avg. analysts' rating on the stock is "Buy" vs "Hold" on peer Manappuram Finance MNFL.NS; median PT on MUTT is 2490.5 rupees - LSEG data

** Stock up 4% so far this year, after a 45% jump last year

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Manappuram Finance MNFL.NS climb as much as 3.8% to 209 rupees, last up 2.7%

** Bain Capital is nearing deal worth $1 bln with top shareholders of MNFL, The Economic Times newspaper reported

** Deal to acquire controlling stake in the gold loan financier, report added, citing sources

** Manappuram and Bain did not immediately respond to Reuters requests for comments

** Over 17.6 mln shares traded vs 30-day avg of 12.7 mln shares

** MNFL rated "hold" on avg, peer Muthoot Finance MUTT.NS rated "buy" - LSEG data

** Year-to-date, MNFL, MUTT up ~7%, ~4%, respectively

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of gold loan provider Manappuram Finance MNFL.NNS fall 11% this week, set for worst week since mid-Oct

** On the day, co down 5.1% at 184.1 rupees after third-quarter profit miss, hurt by stress in its microfinance business

** Of 13 analysts covering the stock, at least four downgraded MNFL after results; however, avg rating is "buy" - LSEG data

** YTD stock has lost 2.4%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

BENGALURU, Feb 13 (Reuters) - Indian gold loan financier Manappuram Finance MNFL.NS reported a third-quarter profit that missed analysts' estimates on Thursday, hurt by the stress in its microfinance business, including a quarter-long ban from issuing loans.

The company's consolidated net profit halved to 2.82 billion rupees ($32.5 million) in the quarter, missing analysts' average estimate of 4.59 billion rupees, as per data compiled by LSEG.

Indian lenders have seen rising default rates in microfinance loans, or collateral-free small loans to borrowers, following a period of aggressive lending in the segment.

Bad loans and provisions in Manappuram's microfinance unit surged four-fold to 4.73 billion rupees, accounting for a large chunk of total company-wide provisions of 5.55 billion rupees in the October to December quarter.

At the start of the period, the Reserve Bank of India (RBI) had barred the unit from sanctioning and disbursing loans due to "usurious" pricing and for charging a significant mark-up over funding costs. The RBI lifted the ban last month.

As a result, revenue in its microfinance business dropped around 5% to 6.65 billion rupees in the quarter.

However, revenue from Manappuram's gold loan portfolio, which contributes 75% of total revenue, rose 17%, aided by gold prices jumping to record highs.

Rising gold prices increase how much a customer can borrow against bullion, benefiting gold financiers in terms of loans issued.

The company's net interest income rose 5%.

While Manappuram missed analysts estimates, its larger rival Muthoot Finance MUTT.NS rode the increase in gold prices to report a bigger-than-expected quarterly profit on Wednesday.

($1 = 86.8680 Indian rupees)

(Reporting by Nishit Navin; Editing by Savio D'Souza)

(([email protected];))

Adds RBI lifting restrictions on Kotak Mahindra Bank

Jan 9 (Reuters) - The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions.

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth, including by the federal finance ministry in a recent report.

The Indian central bank also got a new chief in December with Sanjay Malhotra taking over from Shaktikanta Das.

The following is a list of companies whose restrictions have been removed by the RBI.

KOTAK MAHINDRA BANK

The Reserve Bank of India on Wednesday lifted restrictions on Kotak Mahindra Bank KTKM.NS that had barred the lender from taking on new customers via its online and mobile banking channels, and from issuing new credit cards.

RBI had imposed business restrictions on the lender , asking it to stop adding clients through its online and mobile banking channels and issuing credit cards due to gaps in its IT infrastructure.

ASIRVAD MICRO FINANCE, DMI FINANCE, AROHAN FINANCIAL SERVICES, NAVI FINSERV

The RBI, last month, removed restrictions imposed on DMI Finance and Manappuram Finance-owned MNFL.NS Asirvad Micro Finance with immediate effect.

The regulator had in October barred the two companies, along with Arohan Financial Services and Navi Finserv, from sanctioning and disbursing loans due to "usurious" pricing and charging a significant mark-up over their funding costs.

The same restrictions on Arohan were lifted last week, and from Navi in December.

EDELWEISS ASSET RECONSTRUCTION, ECL FINANCE

The central bank last month lifted restrictions on Edelweiss Asset Reconstruction and ECL Finance, first imposed in May 2024, which barred them from acquiring financial assets or undertaking structured transactions.

The regulator was satisfied with the measures taken to address what it had called "evergreening" of distressed loans.

JM FINANCIAL

A unit of financial services firm JM Financial JMSH.NS in October resumed financing activities related to shares and debentures, including loans for IPO subscriptions after the central bank ended restrictive measures.

The RBI in March barred JM Financial Products from issuing such loans, due to regulatory violations and governance concerns.

IIFL FINANCE

In September, the RBI permitted IIFL Finance to resume issuance of gold loans.

The central bank had barred it from offering gold loans in March, citing concerns about its assessment of gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues.

BAJAJ FINANCE

The RBI in May reversed curbs imposed on India's largest NBFC, Bajaj Finance, allowing it to restart loan disbursals under two of its lending products.

The restrictions were levied in November 2023 due to non-adherence with the central bank's digital lending guidelines.

(Reporting by Nandan Mandayam and Kashish Tandon in Bengaluru; Editing by Varun H K)

(([email protected]; Mobile: +91 9591011727;))

** Manappuram Finance MNFL.NS jumps 4.4% to 187.90 to 188.80 rupees

** India's cenbank RBI lifts lending curbs on non-bank lender's unit Asirvad Micro Finance

** Says co's remedial measures, particularly regarding fairness in loan pricing, is to RBI's satisfaction

** In October, RBI banned Asirvad from issuing new loans due to "usurious" pricing, high mark-ups

** Jefferies says removal of ban largely expected and reflected in recent rebound in stock price to pre-ban levels

** Adds while lending ban removal a positive, stress in microfinance sector will result in subdued loan disbursement for Asirvad

** Maintains "hold", raises PT to 190 rupees from 167 rupees

** Stock rated "buy" on avg - LSEG

** MNFL up 1.5% since RBI action after market hours on Wednesday

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

Adds details from the order in paragraph 3, background in paragraph 4-6

Jan 8 (Reuters) - India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies (NBFCs), Asirvad Micro Finance and DMI Finance, against any fresh loan sanctions and disbursals with immediate effect.

The Reserve Bank of India (RBI) in October barred four NBFCs, including Manappuram Finance's MNFL.NS unit Asirvad Micro Finance as well as DMI Finance, from issuing loans due to "usurious" pricing and high markups.

RBI said, in response to its action, the companies initiated remedial measures and submitted compliance reports, satisfying the regulator, particularly regarding fairness in loan pricing.

The central bank now has lifted sanctions on all four NBFCs that were barred from disbursing loans in October. The RBI had previously removed lending restrictions on Navi Finserv and Arohan Financial Services.

Over the past year, the RBI has warned the financial sector against "all forms of exuberance" and tightened the rules for credit card and personal loans.

The central bank has also made it more expensive for NBFCs to borrow from banks and imposed restrictions on non-compliant entities.

(Reporting by Nishit Navin in Bengaluru; Editing by Krishna Chandra Eluri and Vijay Kishore)

(([email protected];))

Dec 20 (Reuters) - Manappuram Finance Ltd MNFL.NS:

• RBI: IMPOSES MONETARY PENALTY OF 2 MILLION RUPEES ON MANAPPURAM FINANCE

Source text: [ID:]

Further company coverage: MNFL.NS

(([email protected];))

BENGALURU, Nov 14 (Reuters) - Indian gold loan provider Muthoot Finance MUTT.NS reported a 26% rise in its second-quarter profit on Thursday, boosted by strong loan demand, and raised its gold loan growth forecast for the financial year 2025.

The company's standalone quarterly profit rose to 12.51 billion rupees from 9.91 billion rupees a year earlier.

This was largely in line with analysts' average estimate of 12.58 billion rupees, according to data compiled by LSEG.

Domestic gold MAUc1 prices surged to record highs during the quarter, driving loan growth for lenders such as Muthoot Finance and Manappuram Finance MNFL.NS.

Rising prices of bullion benefit gold financiers as they increase the value of collateral gold and as more customers seek loans against higher-valued assets.

The company also revised its annual forecast for gold loan growth to 25% from a prior view of 15%, Managing Director George Alexander Muthoot said in a statement.

Muthoot's standalone loan assets under management jumped about 31% to 901.97 billion rupees as of the quarter ended Sept. 30, helped by a 28% jump in its core gold loan portfolio.

The company's interest income rose about 35% to 40.69 billion rupees.

Earlier this month, Manappuram Finance reported an unexpected growth in second-quarter profit as strong performance in its mainstay gold loan segment offset higher provisions.

Shares of Muthoot Finance ended 0.3% higher ahead of the results on Thursday.

(Reporting by Nishit Navin and Dimpal Gulwani; Editing by Shreya Biswas)

(([email protected];))

Nov 5 (Reuters) - Manappuram Finance Ltd MNFL.NS:

• Q2 CONSOL NET PROFIT 5.71 BILLION RUPEES; IBES EST. 5.31 BILLION RUPEES

• Q2 CONSOL INTEREST INCOME 25.41 BILLION RUPEES

• DIVIDEND OF 1 RUPEE PER SHARE

Source text: [ID:]

Further company coverage: MNFL.NS

(([email protected];;))

** Gold loan financier Manappuram Finance MNFL.NS slides 15% to 150.73 rupees, lowest in 10 months

** India's central bank barred four non-bank finance companies, including MNFL's unit Asirvad Micro Finance, from sanctioning and disbursing loans from Oct. 21

** Jefferies downgrades to "hold" from "buy", cuts TP by 6% to 167 rupees as RBI restrictions expected to hurt profit

** Says earnings to take a hit on unwinding of microfinance loans and possible rise in defaults at Asirvad, which forms 27% of MNFL's consol AUM

** Cuts FY25-26 loan book by 13-15% over the ban, which it expects will remain through FY25

** Stock rated "buy" on avg; median PT is 230 rupees - LSEG

** MNFL down 7% YTD vs rival Muthoot Finance's MUTT.NS ~32% rise

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Corrects to non-bank lenders, from micro lenders, in headline and paragraph 1

By Swati Bhat and Siddhi Nayak

MUMBAI, Oct 17 (Reuters) - India's central bank barred four non-bank finance companies (NBFCs) from sanctioning and disbursing loans due to "usurious" pricing and breaching regulatory norms, it said in a release on Thursday.

The ban on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv is effective from the close of business on Oct. 21, the Reserve Bank of India (RBI) said.

The companies' pricing policies in terms of their weighted average lending rate (WALR) and the interest spread charged over their cost of funds were found to be excessive and did not adhere to regulations, the RBI said.

"In addition to usurious pricing, these NBFCs were variously found to be in non-adherence with the regulatory guidelines on assessment of household income and consideration of existing/ proposed monthly repayment obligations in respect of their microfinance loans," the RBI said.

It also noted deviations in terms of income recognition & asset classification (IR&AC) norms, which led to evergreening of loans, as well as how the firms managed their gold loan portfolio, handled mandated disclosures on interest rates and fees and outsourced core financial services, among other things.

The companies continued with these practices despite the RBI asking them, over the last few months, to use their regulatory freedom responsibly and ensure fair, reasonable and transparent pricing, especially for small-value loans, the regulator said.

None of the four NBFCs immediately replied to an email seeking comment.

The ban does not preclude the companies from servicing existing customers and carrying out collection and recovery processes as per rules, the RBI said.

The regulator said it would review its decision once the companies confirmed they had taken remedial action.

DMI Finance's total loan book was 118.43 billion rupees as of end March, while that of Asirwad, a unit of Manappuram Finance MNFL.NS, was at 102.95 billion rupees.

In August, DMI Finance had said it plans to raise funds from Japan's Mitsubishi UFJ Financial Group 8306.T at a valuation of about $3 billion to "ramp up" its lending.

(Reporting by Siddhi Nayak; Editing by Savio D'Souza)

(([email protected]; +91 22 6921 7848; Reuters Messaging: X: https://twitter.com/siddhiVnayak))

** Indian non-bank gold lenders Muthoot Finance MUTT.NS and Manappuram Finance MNFL.NS drop 2% and 3%, respectively

** India's central bank RBI said on Monday it found "several irregular practices" in the industry

** Major deficiencies include shortcomings in the use of third parties for the sourcing and appraisal of loans, not valuing gold in the customer's presence, inadequate due diligence and a lack of monitoring of borrowed funds

** Non-compliance with regulatory guidelines could attract supervisory action by the central bank, RBI warned

** Avg rating of MUTT and MNFL "buy" - LSEG

** YTD, MUTT and MNFL up 35% and 15%, respectively, trimming yearly gains

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

BENGALURU, Sept 20 (Reuters) - Shares in India's IIFL Finance IIFL.NS jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.

Shares rose as much as 13.2% to 560.95 rupees, their highest since late February. The stock was last up 9.2% at 541 rupees as of 10:12 am IST. It had fallen about 14% as of last close, after the RBI's ban came in March.

In March, the Reserve Bank of India had ordered IIFL Finance to stop disbursing gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

Following the curbs, the company started a special audit in April as directed by the RBI.

Gold loans accounted for 21% of the company's total loan assets, as of June 30, down from 30% as of March-end.

Some analysts had expected rival gold loan financiers such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS to benefit from lower competitive intensity after the regulatory ban on IIFL Finance.

However, Muthoot Finance could now be at a higher risk of giving up gains and underperforming on the lifting of restrictions, Morgan Stanley said in a note on Thursday.

On Friday, Muthoot Finance was down 3% while Manappuram Finance shed 1%.

(Reporting by Dimpal Gulwani; Editing by Rashmi Aich)

(([email protected];))

** IIFL Finance IIFL.NS slides 6.2% to 496 rupees

** Non-bank finance co faces downgrade risks as a regulatory ban on its gold loan business remains unresolved, Bloomberg News reports

** Report adds that a potential downgrade may pressure the firm's borrowing channels and could cut more than 9,000 jobs if ban persists

** In March, RBI ordered co to stop disbursing gold loans over "material supervisory concerns" in its gold loan portfolio

** Stock has declined ~14% since March 4, when the RBI action came in

** YTD, IIFL is down ~15% vs Muthoot Finance MUTT.NS and Manappuram Finance MNFL.NS gaining ~37% and ~19%, respectively

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of Indian jewellers jump 4-20%; gold financers gain as much as 4%

** Gold at record high on US rate cut optimism

** Tribhovandas Bhimji Zaveri TBZL.NS surges 20% and PC Jeweller PCJE.NS jumps 5%, both hit exchange-allowed upper limit

** Kalyan Jewellers KALN.NS and Senco Gold SENC.NS climb 6.3% and 4.1%, respectively, hit record highs

** Gold financiers Muthoot Finance MUTT.NS and Manappuram Finance MNFL.NS advance 2.6% and ~4% respectively

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

MUMBAI, Aug 16 (Reuters) - India's Manappuram Finance MNFL.NS has accepted bids worth 3.45 billion rupees ($41.11 million) for bonds maturing in two years, three bankers said on Friday.

It had invited coupon and commitment bids for the issue earlier in the day.

Here is the list of deals reported so far on Aug. 16:

*Size includes base plus greenshoe for some issues

($1 = 83.9210 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)

(([email protected]))