Manappuram Finance moves up on raising Rs 450 crore through NCDs
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Manappuram Finance is currently trading at Rs. 202.90, up by 1.25 points or 0.62% from its previous closing of Rs. 201.65 on the BSE.
The scrip opened at Rs. 203.25 and has touched a high and low of Rs. 204.65 and Rs. 202.00 respectively. So far 89018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.25 on 19-Jul-2024 and a 52 week low of Rs. 125.30 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 213.30 and Rs. 197.65 respectively. The current market cap of the company is Rs. 17097.98 crore.
The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 42.34% and 22.42% respectively.
Manappuram Finance has raised Rs 450 crore through allotment of Secured, Non- Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCDs) of face value of Rs 1,00,000 each at 9.10% p.a. Maturity of said NCDs will be on August 19, 2026.
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.
