Promoter Group ups stake in Manappuram Finance Ltd through market purchases

Baring Private Equity India AIF, Connected Person to Manappuram Finance Ltd has bought 8,55,383 equity shares of the company through market purchase for an amount of Rs. 80321153.00 during the period September 4, 2018 to September 12, 2018. With this acquisition, the entity's stake has increased from 3071842 equity shares or 0.36% to 3927225 equity shares or 0.47%.

V.P Nandakumar, promoter and director of Manappuram Finance Ltd has purchased 15,00,000 equity shares for an amount of Rs. 127372949.00 through market purchase during the period September 11, 2018 to September 21, 2018. His stake in the company has increased from 240772171 equity shares or 28.58% to 242272171 equity shares or 28.75%.

Buyer / Seller	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Baring Private Equity India AIF	8,55,383	Sep 4, 2018 to Sep 12, 2018	3071842 (0.36%)	3927225 (0.47%)
V.P Nandakumar	15,00,000	Sep 11, 2018 to Sep 21, 2018	240772171 (28.58%)	242272171 (28.75%)

Shares of MANAPPURAM FINANCE LTD. was last trading in BSE at Rs.79.5 as compared to the previous close of Rs. 78.4. The total number of shares traded during the day was 178748 in over 1119 trades.

The stock hit an intraday high of Rs. 79.75 and intraday low of 78.25. The net turnover during the day was Rs. 14136475.

Source : Equity Bulls

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