The Financial Resources and Management Committee of the Board of Directors of Manappuram Finance Ltd held on Monday,23rd September 2019 approved the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures having face value of Rs.10 Lakhs each for the amount of Rs.215 Crores with an option to retain over subscription up to Rs.250 crores aggregating to Rs.465 Crores.
The Financial Resources and Management Committee of the Board of Directors of the Company will be held on 26th September 2019 to consider the proposed allotment for the said issue.
Shares of MANAPPURAM FINANCE LTD. was last trading in BSE at Rs.133.2 as compared to the previous close of Rs. 127.75. The total number of shares traded during the day was 370956 in over 2535 trades.
The stock hit an intraday high of Rs. 135.4 and intraday low of 128.9. The net turnover during the day was Rs. 49174061.