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Manappuram Finance plans to raise Rs. 40 crore

Manappuram Finance plans to raise Rs. 40 crore

Manappuram Finance Ltd has announced that Financial Resources and Management Committee of Board of Directors of the Company on June 29, 2016, allotted 400 NCDs having face value of Rs. 10 Lakhs each.

 

Manappuram Finance Ltd has announced that Financial Resources and Management Committee of Board of Directors of the Company on June 29, 2016, allotted 400 NCDs having face value of Rs. 10 Lakhs each aggregating to Rs. 40 Crore through circular resolution.

Manappuram Finance Ltd ended at Rs. 67.3, up by Rs. 1 or 1.51% from its previous closing of Rs. 66.3 on the BSE.
 
The scrip opened at Rs. 66.55 and touched a high and low of Rs. 68.1 and Rs. 66.55 respectively. A total of 8542282(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5662.16 crore.
 
The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 68.1 on 29-Jun-2016 and a 52 week low of Rs. 19.75 on 10-Sep-2015. Last one week high and low of the scrip stood at Rs. 68.1 and Rs. 58.35 respectively.
 
The promoters holding in the company stood at 33.69 % while Institutions and Non-Institutions held 40.06 % and 26.25 % respectively.
 
The stock traded above its 50 DMA.

 

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