Manappuram Finance moves up on getting nod to raise Rs 600 crore
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Manappuram Finance is currently trading at Rs. 183.45, up by 1.45 points or 0.80% from its previous closing of Rs. 182.00 on the BSE.
The scrip opened at Rs. 183.10 and has touched a high and low of Rs. 184.25 and Rs. 181.15 respectively. So far 157559 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.35 on 08-Feb-2024 and a 52 week low of Rs. 101.15 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 188.40 and Rs. 177.65 respectively. The current market cap of the company is Rs. 15527.85 crore.
The promoters holding in the company stood at 35.20%, while Institutions and Non-Institutions held 41.10% and 23.70% respectively.
Manappuram Finance has received approval for the issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures of face value of Rs 1,00,000 for an aggregate amount of Rs 600 crore on private placement basis. Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on February 23, 2024, approved 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.
