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The latest update is out from Manappuram Finance Limited ( (IN:MANAPPURAM) ).
Manappuram Finance Limited’s board has approved an increase in the company’s overall borrowing limit to up to Rs 75,000 crore and authorised the creation of corresponding charges, mortgages and other security over its present and future assets to back these borrowings, signalling scope for substantial balance sheet expansion and future funding activities. The board also resolved to convene an extraordinary general meeting on January 22, 2026 to seek shareholder approval for these enhanced borrowing powers, appointed Buvanesh Tharashankar as Group Chief Financial Officer and key managerial personnel alongside the continuing CFO, and cleared an additional equity investment of up to Rs 250 crore in subsidiary Asirvad Micro Finance Limited, underscoring the group’s growth plans in its core lending and microfinance businesses.
More about Manappuram Finance Limited
Manappuram Finance Limited is a non-banking financial company (NBFC) focused on retail lending, including gold loans and other credit products, catering primarily to individuals and small businesses across India. The company is listed on major Indian stock exchanges and operates within the broader financial services sector, with an expanding presence through subsidiaries such as Asirvad Micro Finance Limited in the microfinance segment.
Average Trading Volume: 244,999
Technical Sentiment Signal: Buy
Current Market Cap: 266.1B INR
For a thorough assessment of MANAPPURAM stock, go to TipRanks’ Stock Analysis page.