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Manappuram Finance touches the roof as Baring India raises holding

19 Jul 2013 Evaluate

Manappuram Finance is currently trading at its upper circuit limit of Rs. 12.88, up by 1.17 points or 9.99% from its previous closing of Rs. 11.71 on the BSE.

The scrip opened at Rs. 12.25 and has touched a high and low of Rs. 12.88 and Rs. 12.17 respectively. So far 355340 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 46.00 on 04-Jan-2013 and a 52 week low of Rs. 9.85 on 16-Jul-2013.

Last one week high and low of the scrip stood at Rs. 12.88 and Rs. 9.85 respectively. The current market cap of the company is Rs. 1083.47 crore.

The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 43.70% and 24.75% respectively.

Foreign institutional investor (FII) Baring Private Equity Partners India has raised its holdings in Manappuram Finance through open market purchase. Baring India has acquired 1.50 million equity shares of the company through its two funds - Baring India Private Equity Fund II (Fund 2) and Baring India Private Equity Fund III (Fund 3) via open market.

Following this purchase, the private equity major’s shareholding in Manappuram has increased to 11.56% from 9.48% earlier. Baring India held 10.66% stake in the company at the end of June 30, 2013 quarter.

Manappuram Finance is a non-deposit taking NBFC and is mainly engaged in providing retail advances against bullion asset collaterals, in the form of household used jewellery. The company is having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and had 2,908 branches across India at the end of FY'12.

Manappuram Finance Share Price

315.80 -0.50 (-0.16%)
08-May-2026 16:59 View Price Chart
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