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Manappuram Finance gains on raising Rs 350 crore via NCDs

31 Dec 2019 Evaluate

Manappuram Finance is currently trading at Rs. 179.10, up by 0.45 points or 0.25% from its previous closing of Rs. 178.65 on the BSE.

The scrip opened at Rs. 180.60 and has touched a high and low of Rs. 181.55 and Rs. 179.00 respectively. So far 83583 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 181.55 on 31-Dec-2019 and a 52 week low of Rs. 90.00 on 30-Jan-2019.

Last one week high and low of the scrip stood at Rs. 181.55 and Rs. 171.15 respectively. The current market cap of the company is Rs. 15192.71 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 raised Rs 350 crore. The Financial Recourse and Management Committee of the Board of Directors of the Company at its meeting held on December 31, 2019, approved the allotment of 3500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 350 crore on a Private Placement basis.

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

269.10 0.95 (0.35%)
17-Apr-2026 16:59 View Price Chart
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