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Manappuram Finance surges on plan to acquire ‘Manappuram Insurance Brokers’

18 Aug 2015 Evaluate

Manappuram Finance is currently trading at Rs. 25.10, up by 0.45 points or 1.83% from its previous closing of Rs. 24.65 on the BSE.

The scrip opened at Rs. 25.20 and has touched a high and low of Rs. 26.30 and Rs. 24.90 respectively. So far 3,15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 38.75 on 21-Nov-2014 and a 52 week low of Rs. 21.65 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 26.30 and Rs. 23.10 respectively. The current market cap of the company is Rs. 2,115.00 crore.

The promoters holding in the company stood at 32.19% while Institutions and Non-Institutions held 45.02% and 22.79% respectively.

Manappuram Finance has received an approval for acquisition of Manappuram Insurance Brokers for consideration of Rs 1.55 crore subject to the approval of RBI and IRDA. The board of directors at their meeting held on August 14, 2015 has approved for the same.

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. During FY15 (refers to the period from April 01 to March 31), the company’s total income was Rs 1981 crore as against the total income of Rs 2112 crore in FY14.


Manappuram Finance Share Price

315.80 -0.50 (-0.16%)
08-May-2026 16:59 View Price Chart
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