A strategic deal with Bain Capital Asia, which will invest Rs 4,385 crore through a preferential allotment at Rs 236 per share, at a premium of 30%, will give it an 18% stake in the company
The rise in the Manappuram Finance share price came in anticipation of the Board meeting, which is scheduled for today, March 20, 2025.
The rise in Manappuram Finance share price came after the company announced that the board of directors will consider raising funds on Thursday, March 20, 2025
In India, Gold futures surpassed the Rs 86,000 per 10 gram-mark on the Multi-commodity Exchange (MCX) last week
Deal negotiations got delayed owing to differences over loss-making segments of the Indian company
Donald Trump's reciprocal tariff plan on India and other countries coupled with persistent FII selling dragged the Sensex, Nifty lower for the eight straight trading session on Friday.
Manappuram's total revenue from operations rose 13.6 per cent to Rs 2516.27 crore, compared to Rs 2214.2 crore year-on-year (Y-o-Y). The company's net interest income also rose 5 per cent
The company's consolidated net profit halved to Rs 282 crore ($32.5 million) in the quarter, missing analysts' average estimate of Rs 459 crore, as per data compiled by LSEG
Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.
Foreign institutional investors open interest in Nifty futures has increased by 4.8% since the start of February series, while the total OI in Nifty Feb futures dipped by 1.1%; shows NSE F&O data.
Solar Industries, NCC, Phoenix Mills, Page Industries and Trent stock futures witnessed short build-up in recent days, shows NSE derivative data. Manappuram Finance in F&O ban on Monday.
For Manappuram Finance, the gold loan growth will continue to remain healthy, driven by demand-side tailwinds due to the poor availability of short-term personal and MFI loans.
Adani Energy Solutions, Syngene, Jio Financial, CG Power, Persistent Systems and CAMS are the 6 derivative stocks with up to 14 per cent build-up in open positions 5 days ahead of the monthly expiry.
On Thursday, 5 stocks - Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance and RBL Bank were placed under futures & options ban period on the NSE.
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.
The statutory inspection of the companies was conducted by the RBI with reference to their financial position as of March 31, 2023
Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50
Cues from F&O market for December 10: Foreign investors are seen building long positions in Nifty futures thus far this month, with open interest rising by 27% in the last six days.
This stock movement aligns with the company's stock trading ex-date today following the announcement of an interim dividend of Re 1 for eligible shareholders