Manba Finance surges on entering into strategic partnership with Sreesastha
Manba Finance is currently trading at Rs. 125.90, up by 3.80 points or 3.11% from its previous closing of Rs. 122.10 on the BSE.
The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 125.90 and Rs. 121.00 respectively. So far 7743 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.20 on 25-Jun-2025 and a 52 week low of Rs. 99.05 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 128.00 and Rs. 115.10 respectively. The current market cap of the company is Rs. 632.51 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 0.87% and 24.15% respectively.
Manba Finance has entered into the South Indian market through a strategic partnership with Sreesastha (Nammaloan). The partnership marks a significant step in the company’s national growth journey and lays the foundation for a phased expansion across all South Indian states in the period ahead.
The collaboration will begin in Karnataka, followed by Tamil Nadu within the current financial year, with a phased entry into other South Indian states planned thereafter. As part of this effort, the partnership has identified over 100 potential locations across these regions, which it intends to activate progressively in the coming periods in line with market readiness and operational priorities.
The partnership will offer the company’s range of vehicle-finance products in the region, with a sequenced launch beginning with the company’s core strengths: new two-wheeler loans, used two-wheeler loans, three-wheeler loans, and used car loans. The phased approach - starting with Karnataka and Tamil Nadu and a focused product set, then widening both geography and offering over time - is intended to build the business on a foundation of sound underwriting and operational readiness rather than speed alone.
