Manappuram Finance shares rise up to 5% after Asirwad Microfinance gets SEBI nod for IPO
Asirvad Micro Finance plans to raise ₹1,500 crore via IPO, which is a completely fresh issue of equity shares with no offer for sale (OFS) component.
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RBI imposes fines on Axis Bank, Manappuram Finance, Anand Rathi Global Finance
The central bank slapped fines of ₹90.92 lakh on Axis Bank, ₹42.78 lakh on Manappuram Finance, and ₹20 lakh on Anand Rathi Global Finance.
Manappuram Finance MD says ED's ₹140 cr share freeze worth ₹2,000 cr
NBFC's MD V.P. Nandakumar calls ED's freezing order 'patently high-handed', 'arbitrary', and 'unreasonable'
Rise of gold loan auctions ominous! Household finances in deep distress
Gold loan companies are auctioning the pledged gold more and more, indicating dire financial conditions of households and small businesses, despite GDP growth.
Gray Matters Capital to sell stake in ISFC
The impact investor will sell its entire 81.92% stake in Indian School Finance Company to Manappuram Finance Ltd for Rs 248.50 crore.
