Manappuram Finance will suspend its Depository Participant (DP) Service with effect from April 1, 2017. The board of director at its meeting held on February 8, 2017 has decided to suspend the company’s DP Service with effect from April 1, 2017. The company will make the necessary arrangements to transfer or close existing demat accounts held in its DP.
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.