Manappuram Finance approves issuance of debt securities

Manappuram Finance approves issuance of debt securities

Manappuram finance limited may approve issuances of Debt Securities in the coming September 2021. On Monday, Manappuram’s finance share price raised around 0.31%.

According to the source, the film remains considering different types of ways for raising funds through borrowing which includes the issuance of various debt securities in the stock market by public issue, on a private placement basis, or through issuing commercial papers.

The Board of Directors of Manappuram finance ltd may approve issuances of debt securities in Sep 2021 which depends on the current market conditions.

The share price of Manappuram traded at Rs. 161.95 during the early trade. Further, it reached a day high price level of Rs. 162.75.

As of the market reports, the firm posted a 52-week high price of Rs. 218 and 52-week low price of Rs. 139.10. During the last two weeks, the shares of Manappuram slipped around 12% to  Rs. 168.25 from Rs. 191. 50.

The firm leads in the gold loan field. It is one of India’s leading gold loan NBFCs. In Q1 of FY22, the gold loan business decreased 13% to Rs. 16,500 crores. On the other hand, the gold holdings dropped 11% to 58.10 tonnages.

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