Manappuram Finance rises on raising Rs 600 crore through NCDs
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Manappuram Finance is currently trading at Rs. 141.80, up by 0.50 points or 0.35% from its previous closing of Rs. 141.30 on the BSE.
The scrip opened at Rs. 141.35 and has touched a high and low of Rs. 144.00 and Rs. 140.35 respectively. So far 243488 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 156.55 on 04-Sep-2023 and a 52 week low of Rs. 99.00 on 11-Oct-2022.
Last one week high and low of the scrip stood at Rs. 150.50 and Rs. 139.55 respectively. The current market cap of the company is Rs. 11989.75 crore.
The promoters holding in the company stood at 35.20%, while Institutions and Non-Institutions held 41.38% and 23.42% respectively.
Manappuram Finance has raised Rs 600 crore through allotment of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having a face value of Rs 1,00,000 each on private placement basis to be listed on BSE. The Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on October 06,2023 approved the allotment of 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.
