Manappuram Finance is currently trading at Rs. 158.25, up by 0.65 points or 0.41% from its previous closing of Rs. 157.60 on the BSE.
The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 161.25 and Rs. 158.10 respectively. So far 239346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 194.60 on 29-Jan-2020 and a 52 week low of Rs. 75.60 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 164.95 and Rs. 156.00 respectively. The current market cap of the company is Rs. 13412.95 crore.
The promoters holding in the company stood at 35.05%, while Institutions and Non-Institutions held 47.93% and 17.02% respectively.
Manappuram Finance has raised Rs 250 crore on a private placement basis. The Financial Recourse and Management Committee of the Board of Directors of the company at its meeting held on July 09, 2020, has approved the allotment of 2500 Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each. The said NCDs to be listed on the Bombay Stock Exchange (BSE).
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.