Manappuram Finance has received its board’s approval for commencement of business of Micro Financing either as a separate division of the company or by acquiring existing companies in micro financing activity. The company has also received approval for commencement of Finance against Commercial Vehicles. The company’s board gave its approval for the same at its meeting held on September 23, 2014.
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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 955.05 |
| Shriram Finance | 1007.95 |
| Aditya Birla Capital | 363.05 |
| Chola Invest & Fin. | 1676.05 |
| Tata Capital | 321.70 |
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