Manappuram Finance rose 4.11% to Rs 110.30 after SBI Mutual Fund acquired 0.57% stake in the non-banking financial company.
On Friday (3 March 2023), SBI Mutual Fund acquired 48 lakh equity shares, 0.57% equity, in Manappuram Finance through a bulk deal on the NSE at an average price of Rs 106.59 per share.Manappuram Finance is one of India's leading gold loan NBFCs. The NBFC's consolidated net profit soared 50.3% to Rs 392.17 crore on 15.1% rise in total income to Rs 1,734.52 crore in Q3 FY23 over Q3 FY22.
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