Nifty is attempting to hold the 24,100 level; a breach could lead to further downside towards 23,800
Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal. According to the proposed deal, Bain Capital through its two affiliates -- BC Asia Investments XXV and BC Asia Investments XIV -- will acquire stakes in Manappuram Finance Ltd (MFL). The proposed transaction involves four phases, where BC Asia Investments XXV will subscribe to 9.29 crore fully paid-up equity shares of MFL through private placement and preferential allotment. Further, "subscription to 9,29,01,373 warrants of MFL by acquirer 2 (BC Asia Investments XIV), which can be exercised (in one or more tranches) at any point between 4 to 18 months from their date of allotment, each carrying a right to subscribe to 1 equity share of MFL", is also proposed, said a notice filed with CCI (Competition Commission of India). BC Asia Investments XXV and its persons acting in concert are al
Stocks to Buy Today: Ajit Mishra of Religare Broking recommends a buy on Maruti Suzuki, Manappuram Finance and Petronet LNG on Friday, May 2, 2025.
Technical chart shows that Muthoot Finance and Manappuram Finance have retraced from their record highs levels with select momentum oscillators hinting towards a likely consolidation ahead.
In March, reportedly, India's central bank had plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds
Union Bank stock has been forming a 'Higher Top Higher Bottom' structure and has been a relative outperformer within the PSU Banking space in last couple of weeks, says Ruchit Jain of MOFSL.
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
Stocks to Watch on Friday: IndusInd Bank, Manappuram Finance, Bajaj Finance, HUL, JSW Energy and Hindalco Industries are among the top stocks to watch today, March 21, 2025
The acquisition will be through a preferential allotment of equity and warrants at ₹236 per share, a 30 per cent premium over the six-month average trading price
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
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
Stocks to Watch on February 13, 2025: Investors will focus on Q3 results of Godrej Industries, ITI and others. They will also focus on stock specific development in Vi, ONGC, NTPC Green and others
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.
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.
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
Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today