Manappuram Finance is currently trading at Rs. 22.20, up by 0.20 points or 0.91% from its previous closing of Rs. 22.00 on the BSE.
The scrip opened at Rs. 22.20 and has touched a high and low of Rs. 22.65 and Rs. 22.00 respectively. So far 116191 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 25.65 on 12-Feb-2014 and a 52 week low of Rs. 9.85 on 16-Jul-2013.
Last one week high and low of the scrip stood at Rs. 25.10 and Rs. 21.25 respectively. The current market cap of the company is Rs. 1867.48 crore.
The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 44.10% and 24.35% respectively.
Manappuram Finance is planning to raise funds up to Rs 1,000 crore through private placement of redeemable non-convertible debentures. In this regard, the company is seeking shareholders' approval at its annual general meeting on July 31.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.
