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An update from Manappuram Finance Limited ( (IN:MANAPPURAM) ) is now available.
Manappuram Finance Limited’s board has approved several key initiatives aimed at expanding the company’s financial capabilities and market presence. These include an increase in the authorized share capital from INR 200 crore to INR 300 crore, amendments to the Articles of Association to facilitate the issuance of warrants and convertible securities, and a preferential issue of equity shares and warrants to investors, raising approximately INR 4384.94 crore. These strategic moves are expected to enhance the company’s capital structure and support its growth objectives.
More about Manappuram Finance Limited
Manappuram Finance Limited operates in the financial services industry, primarily focusing on providing loans and other financial products. The company is known for its gold loan services and has a significant presence in the Indian market.
YTD Price Performance: 12.36%
Average Trading Volume: 625,141
Current Market Cap: 178.7B INR
See more insights into MANAPPURAM stock on TipRanks’ Stock Analysis page.