Fri, May 24, 2024
Manappuram Finance Q4 FY24 Results: Kerala-headquartered Manappuram Finance reported a 35.7 per cent year-on-year jump in consolidated net profit to Rs 563.5 crore for the quarter ended March 31, missing analysts' expectations.
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Fri, May 10, 2024
VP Nandakumar, managing director & CEO of the company, said, “Our highly popular product -- Online Gold Loan, that forms 50% of our gold loan book, follows a fully paperless process of application and disbursement. Even for the loans originating at branches, most of our customers prefer direct transfers. Moreover, our employees are trained to convince customers about the same as it promotes smooth operations."
Tue, Apr 30, 2024
The proposed initial public offering is only a fresh issue of equity shares of up to Rs 1,500 crore with no offer for sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP).
Tue, Mar 19, 2024
Besides, the board has also approved the issuance of secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures for an aggregate amount of Rs 25 crore on a private placement basis, the company said in a regulatory filing.
Thu, Feb 08, 2024
The NBFC’s consolidated net profit increased 46.2 per cent on a year-on-year basis to Rs 572.9 crore and net interest income (NII) grew 32.9 per cent to Rs 1,452.4 crore for the quarter ended December 31, 2023.
Wed, Jan 10, 2024
Why did Manappuram Finance collapse? What is the reason for the decline in Manappuram Finance? Why was SEBI approval necessary on Asirvad Microfin's IPO?
At around 10:05 a.m., shares of Manappuram Finance were down 4.47 per cent or Rs 7.9, at Rs 168.65 apiece on the BSE. The market capitalisation of the company at around the same time stood at Rs 14,275.12 crore.
Wed, Dec 20, 2023
Global brokerage Morgan Stanley (MS) has iterated its ‘overweight’ rating on the stock with a target price of Rs 210
Wed, Nov 29, 2023
Stock market news, stock market today: The company's stock surged as much as 6.16 per cent to Rs 160.90 on the BSE, a day after the company held its Analyst Meet.
Thu, Nov 16, 2023
At around 11:33 a.m., shares of Manappuram Finance traded 5.82 per cent or Rs 8.75, higher on the BSE at Rs 159.2 apiece. The market capitalisation of the company stood at Rs 13,475.24 crore.
Wed, Nov 15, 2023
Stocks in focus: The company’s gold asset under management has also climbed 8 per cent YoY. Also, the contribution of gold AUM to the overall asset base has increased to 47 per cent.
Mon, Nov 13, 2023
Nifty ended above 19,500 points,while Sensex climbed to levels of 65,259.
Mon, Aug 28, 2023
Big relief to ManappuramFinance, KeralaHC rejects ED's report, why vigorous action is seen in Manappuram Finance today, with what news did the stock run fast? Know full details in this video...
Wed, Aug 23, 2023
Manappuram Finance dividend 2023 record date: Shares of Manappuram Finance traded ex-dividend on Wednesday, August 23. The Kerala-based NBFC has announced an interim dividend of Re 0.8 per equity share of Rs 2 each.
Mon, Jun 19, 2023
Meanwhile, on Friday, June 16, the Reserve Bank of India (RBI) imposed a Rs 20 lakh penalty on Manappuram Finance for non-compliance with certain provisions of the NBFC norms.
Wed, May 31, 2023
A pioneer in digital gold loans, Manappuram Finance hopes that the new app will help it scale up its digital business and reach a wider audience. The app is primarily targeted at customers in tier 2 and tier 3 cities, it said.
Sat, May 06, 2023
Shares of Manappuram Finance – a Kerala-based gold financing company – were hammered for the last few sessions after the Enforcement Directorate (ED) on Thursday (May 4, 2023) said it recently conducted searches at six premises in Thrissur, Kerala.
Fri, May 05, 2023
Shares of Manappuram Finance Ltd. fell after the directorate of enforcement froze the assets worth Rs 143 crore of its managing director on money laundering allegations.
The Enforcement Directorate's recent search at 6 premises of Manappuram Finance Limited and its MD VP Nandakumar has sent the company’s shares into a tailspin. The ED has frozen Rs 143 crore and detected evidence of money laundering and large-scale cash transactions through public deposits.
Shares of Manappuram Finance tanked 10 per cent and were locked in the lower circuit of Rs 107.35 apiece in the opening deals on Friday, May 5, 2023.
Thu, May 04, 2023
The frozen assets include deposits kept in eight bank accounts, investment in listed shares and shares of Manappuram Finance Limited, the agency said.
Wed, May 03, 2023
The Enforcement Directorate (ED) on Wednesday conducted search operations at several premises linked to Non-Banking Finance Company (NBFC) Manappuram Finance in Kerala. Official sources said that this raid against the company has been done in connection with the investigation related to money laundering.
The report further said the searches were conducted at the company's promoters' premises too. It is alleged that the company raised funds without RBI's approval.
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