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Manappuram Finance infuses Rs 264 crore in microfinance arm: Report

04 Apr 2019 Evaluate

Manappuram Finance has reportedly infused Rs 264 crore in its microfinance arm, Asirvad Microfinance, through a rights issue. After this infusion, the company will hold 93.33% stake in Asirvad Microfinance.

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.

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