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Manappuram Finance gains on getting nod to issue NCDs worth Rs 350 crore

26 Dec 2019 Evaluate

Manappuram Finance is currently trading at Rs. 172.85, up by 0.25 points or 0.14% from its previous closing of Rs. 172.60 on the BSE.

The scrip opened at Rs. 172.00 and has touched a high and low of Rs. 173.00 and Rs. 171.80 respectively. So far 28850 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 177.25 on 19-Dec-2019 and a 52 week low of Rs. 86.60 on 26-Dec-2018.

Last one week high and low of the scrip stood at Rs. 177.25 and Rs. 170.00 respectively. The current market cap of the company is Rs. 14546.30 crore.

The promoters holding in the company stood at 35.12%, while Institutions and Non-Institutions held 49.20% and 15.68% respectively.

Manappuram Finance has received an approval for the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each for the amount of Rs 350 crore. The Financial Resources and Management Committee of the Board of Directors of the company on December 26, 2019, approved the same.

Furthermore, the Financial Resources and Management Committee of the Board of Directors of the Company will be held on December 31, 2019 to consider the proposed allotment for the said issue.

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.

Manappuram Finance Share Price

274.05 5.15 (1.92%)
21-Apr-2026 10:05 View Price Chart
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