Manappuram Finance gains on planning to raise funds for FY 2021-22
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Manappuram Finance is currently trading at Rs. 162.50, up by 0.70 points or 0.43% from its previous closing of Rs. 161.80 on the BSE.
The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 164.70 and Rs. 161.10 respectively. So far 264688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.30 on 28-Jul-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. 178.90 and Rs. 160.10 respectively. The current market cap of the company is Rs. 13740.73 crore.
The promoters holding in the company stood at 35.00%, while Institutions and Non-Institutions held 48.68% and 16.32% respectively.
Manappuram Finance is considering Business plan & Borrowing program including raising of funds through issuance of Non-Convertible debt securities either through a public issue or on private placement basis for FY 2021-22. The meeting of the Board of Directors of the Company is scheduled on March 19, 2021 to consider and approve the same.
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.
