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Manappuram Finance rises on getting nod to raise Rs 150 crore through NCDs

28 Jul 2020 Evaluate

Manappuram Finance is currently trading at Rs. 185.35, up by 2.95 points or 1.62% from its previous closing of Rs. 182.40 on the BSE.

The scrip opened at Rs. 184.85 and has touched a high and low of Rs. 187.30 and Rs. 183.05 respectively. So far 230647 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 194.60 on 29-Jan-2020 and a 52 week low of Rs. 75.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 187.30 and Rs. 165.35 respectively. The current market cap of the company is Rs. 15623.09 crore.

The promoters holding in the company stood at 35.04%, while Institutions and Non-Institutions held 48.22% and 16.74% respectively.

Manappuram Finance has received approval from board of directors for issuance of the Private Placement of Rated, Secured, Redeemable Non Convertible Debentures (NCDs) having face value of Rs10 lakh each for the amount of Rs 150 crore with an option to retain over subscription up to Rs 350 crore aggregating to Rs 500 crore.

The Board of Directors of company at its meeting held on July 28, 2020 has approved the issuance.

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

316.90 7.05 (2.28%)
07-May-2026 16:01 View Price Chart
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