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Manappuram Finance Ltd board approves raising of funds

Posted On: 2019-11-06 17:43:27


The board of directors of Manappuram Finance Ltd at its meeting held today have approved the establishment of a medium term note programme to raise up to USD 750 million or lesser, in one or more tranches, in accordance with applicable laws and the rules and regulations framed by the Reserve Bank of India from time to time and authorized the Financial Resource and Management Committee of the Board of Directors of the Company and its members to do all such acts as necessary for establishment of the medium term note programme and issue of debt securities under the same.

Shares of MANAPPURAM FINANCE LTD. was last trading in BSE at Rs.168.05 as compared to the previous close of Rs. 168.1. The total number of shares traded during the day was 213987 in over 1280 trades.

The stock hit an intraday high of Rs. 169.25 and intraday low of 162.35. The net turnover during the day was Rs. 35594337.


Source: Equity Bulls

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