Manappuram General Finance and Leasing (MAGFIL) is planning to raise Rs 4 billion before the end of this financial year through Commercial Papers, reports Business Standard.

Many leading Private Equity (PE) firms have showed interest in the company which has already received FDI of Rs 1,407.5 million in the last fiscal, from leading PE firms like Sequoia Capital, India Equity Partners (Hudson Equity Holdings)and Ashmore Alchemy which amounts to 35% of stake holding in the company.

Shares of the company closed up Rs 21.2, or 3.54%, at Rs 620.05. The total volume of shares traded at the BSE was 12,174 (Friday).