Manappuram Finance inches up on getting nod to collect entire stake in MACOM

Manappuram Finance inches up on getting nod to collect entire stake in MACOM

by admin- Friday, March 22nd, 2019 04:16:33 PM

Manappuram Finance is currently trading at Rs. 124.50, up by 0.Forty five factors or 0.36% from its preceding ultimate of Rs. 124.05 at the BSE.

The scrip opened at Rs. 124.05 and has touched a high and low of Rs. A hundred twenty five.15 and Rs. 123.60 respectively. So a ways 13817 shares were traded on the counter.

The BSE organization ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. One hundred thirty.45 on 09-May-2018 and a fifty two week low of Rs. 66.40 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 125.20 and Rs. 118.10 respectively. The contemporary market cap of the enterprise is Rs. 10455.06 crore.

The promoters conserving in the company stood at 35.14%, even as Institutions and Non-Institutions held forty five.Sixteen% and 19.70% respectively.

Manappuram Finance has received approval to gather 100% equity stocks of Manappuram Comptech & Consultants (MACOM) and to make it a wholly owned subsidiary business enterprise of the Company. The coins attention is around Rs ninety eight.Sixty four lakh may be paid for a hundred% shareholding together with 27000 fairness stocks of Rs a hundred every at a price of Rs 365.37 in line with (share top rate Rs 265.37 proportion).

The Board of Directors of the Company at its meeting held on March 20, 2019 has accepted the same.

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