Manappuram Finance Ltd Share Price – NSE /  BSE

Finance, Small Cap

According to these reports, the deal would involve Manappuram's promoter group, led by managing director and CEO V.P. Nandakumar, selling a substantial portion of its 35.25% holding to Bain Capital.

The media reports suggest that if the deal materializes, Bain Capital may subsequently launch a voluntary open offer to acquire an additional 26% stake in Manappuram Finance.

Following the surge in share price and media attention, the stock exchanges sought clarification from Manappuram Finance. In response, the company acknowledged the media reports but clarified that, as of now, there are no developments requiring regulatory disclosure. Manappuram Finance emphasized its ongoing exploration of strategic and growth opportunities in the best interests of its stakeholders.

Manappuram Finance, a leading Indian NBFC, offers a wide range of financial products including gold loans (online, doorstep, instant), forex and money transfer, vehicle loans, personal loans (digital and secured), business loans, micro home finance, two-wheeler finance, and specialized loans for the healthcare, small-scale industrial, restaurant, and food industries.

On a consolidated basis, Manappuram Finance's net profit fell 50.76% to Rs 282.06 crore on 10.14% increase in total income to Rs 2,562.63 crore in Q3 December 2024 over Q3 December 2023.

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Net profit of Manappuram Finance declined 50.76% to Rs 282.06 crore in the quarter ended December 2024 as against Rs 572.87 crore during the previous quarter ended December 2023. Sales rose 10.85% to Rs 2559.72 crore in the quarter ended December 2024 as against Rs 2309.10 crore during the previous quarter ended December 2023.

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Manappuram Finance announced that the Board of Directors of the Company at its meeting held on 13 February 2025, has recommended a Interim dividend of Rs.1 per share (i.e.50%), subject to the approval of the shareholders.

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Manappuram Finance will hold a meeting of the Board of Directors of the Company on 13 February 2025.

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