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Manappuram Finance Eyes Fundraise On March 20 Board Meet; What Should Investors Expect?


Published on 2025-03-18 05:21:54 - Goodreturns
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  • Manappuram Finances share price surged during early trading on March 18 in preparation for its board meeting on March 20 to address the fundraising move. Manappuram Finances shares started Tuesday at Rs 213 on the BSE,

Manappuram Finance is set to hold a board meeting on March 20, 2024, to discuss potential fundraising strategies, which could involve issuing equity shares or other securities through various methods like private placement, QIP, or preferential issue. This move comes as the company aims to bolster its capital base amidst a backdrop of robust financial performance, with a reported 37% year-on-year increase in consolidated net profit to Rs 498 crore in the third quarter of FY24. Investors are keenly watching for details on the fundraising amount, the method of capital raise, and the intended use of the funds, which could signal the company's growth plans and financial health. The market's reaction will likely hinge on how these plans align with the company's strategic goals and the broader economic environment.

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