Manappuram Finance Ltd Share Price (MANAPPURAM)

Manappuram Finance Board Approves Raising $500 Million via ECBs - 20 Apr, 2024

Manappuram Finance's board has approved raising up to $500 million through external commercial borrowings (ECBs) in one or more tranches. The fundraising proposal was approved by the company's financial resources and management committee of the board on April 19, 2024.

Manappuram Finance Ltd approves $500 million external commercial borrowings - 19 Apr, 2024

Manappuram Finance Ltd's Financial Resources and Management Committee has approved external commercial borrowings worth $500 million to be raised in one or more tranches. The borrowing will be executed in the form of US dollar bonds or any other mode compliant with RBI guidelines.

Manappuram Finance Plans to Raise Funds Through ECBs - 16 Apr, 2024

Manappuram Finance plans to raise $500 million through external commercial borrowings (ECBs) including US dollar bonds. The proposed borrowing program aims to increase the capital adequacy ratio and augment margins. Institutional investors hold a significant stake in the company, while insiders own ₹57b worth of shares. Shares rose by 1.11% following the announcement.

Manappuram Finance Plans to Raise Funds Through External Commercial Borrowings - 15 Apr, 2024

Manappuram Finance is considering raising funds up to $500 million through external commercial borrowings, including via US dollar bonds. The company's gold loan book is expected to strengthen by 3% sequentially in Q4FY24, and consolidated advances are set to grow by 7% sequentially and 22% YoY. Analysts believe the timely listing of MFI subsidiary Asirvad Microfinance will be a key re-rating trigger for the stock.

Manappuram Finance Ltd. Likely to Benefit from Sector Tailwinds - 13 Apr, 2024

Increasing gold prices, reduced competitive intensity from banks post-Covid, and regulatory interventions in unsecured/gold loan segments have brought focus back on Manappuram Finance Ltd., which is likely to benefit in terms of growth and profitability considering its leadership position in the industry.

Manappuram Finance Shares Deliver 16% Return in a Month - 10 Apr, 2024

Manappuram Finance shares have delivered nearly 16% returns to investors due to rising gold prices and lower competition from banks. Nirmal Bang Institutional Equities is optimistic about the company's growth recovery and potential as a diversified lender, raising its earnings estimates for FY24E-FY26E. However, re-rating depends on timely execution of diversification plans and RBI approval for adding gold loan branches.

Manappuram Finance Likely to Benefit from Surge in Gold Prices - 09 Apr, 2024

The rise in gold prices is expected to benefit Manappuram Finance and other gold loan financing companies as it lifts the value of their collateral and leads to higher loan values for borrowers. The stock has already gained over 13% in April.

Rising Gold Prices Boost Manappuram Finance Stock - 05 Apr, 2024

Manappuram Finance stock gets a boost as rising gold prices allow customers to borrow more funds against the same quantity of gold. Despite RBI scrutiny, rival IIFL Finance has been restrained from handing out gold loans.

Manappuram Finance Shares Surge as Gold Prices Reach New High - 04 Apr, 2024

Shares of Manappuram Finance surged up to 4% on April 4 intra-day deals as gold prices reached a new lifetime high, benefiting gold loan companies like Manappuram Finance.

IIFL Overtakes Manappuram in Gold Loan Market Share - 26 Mar, 2024

Manappuram Finance Ltd has lost its lead to IIFL in the gold loan market share due to aggressive push by IIFL during and post-pandemic years. The surge in distress gold loan borrowing during the pandemic was followed by defaults, causing lenders to auction gold collateral to recover loans. Numbers of auctions conducted by Manappuram have raised concerns among regulators.