Manappuram Finance to raise funds

The Board of Directors of Manappuram Finance Limited at its meeting held on today has considered and approved fund raising program of the Company for FY 2022-23, which includes issuance of Redeemable Non-Convertible Debentures upto the overall limit of Rs. 7,800 Crores by way of private placement or/and Public issue in one or more tranches as may be decided by the Board of Directors or its committee thereof from time to time.

Shares of Manappuram Finance Limited was last trading in BSE at Rs. 114.45 as compared to the previous close of Rs. 117.10. The total number of shares traded during the day was 647443 in over 8413 trades.

The stock hit an intraday high of Rs. 118.30 and intraday low of 113.30. The net turnover during the day was Rs. 74468758.00.

Source : Equity Bulls

Keywords

ManappuramFinance INE522D01027 FundRaising NCDs