Manappuram Finance acquires 92.6% stake in Manappuram Comptech & Consultants
20 - Jun - 2019 12:00 AM | 6 days ago
Manappuram Finance announced the completion of acquisition of 92.6% of Equity Shares of Manappuram Comptech & Consultants by way of purchase of 25000 shares at Rs.365.37/- per share, for the total consideration of Rs 91.34 lakh. The acquisition of remaining 7.4% (2000 Equity Shares) is in process and will be completed by 31 August, 2019.
Manappuram Finance tumbles on reports of Sebi notice for insider trading
07 - Jun - 2019 12:00 AM | 18 days ago
Meanwhile, the S&P BSE Sensex was down by 65.95 points, or 0.17% to 39,463.77
On the BSE, 11.22 lakh shares were traded in the counter so far compared with average daily volumes of 3.41 lakh shares in the past two weeks. The stock had hit an intraday high of Rs 136.20 and hit an intraday low of Rs 123.09. The stock hit a 52-week high of Rs 142 on 6 June 2019 and a 52-week low of Rs 66.40 on 8 October 2018.
According to media reports, the Securities Exchange Board of India (Sebi) has served a show-cause notice on the company's top management for breach of insider trading regulations. According to the Sebi notice, Manappuram Finance discussed the unpublished and price-sensitive information (UPSI) with five asset management companies (AMCs) on 18 and 19 March 2013, during the conference call to market participants, before this was disclosed to the stock exchanges, the reports added.
On a consolidated basis, the company reported 43% increase in net profit to Rs 258.34 crore on 22.4% increase in total income to Rs 1103.32 crore in Q4 March 2019 over Q4 March 2018.
Manappuram Finance is one of India's leading gold loan NBFCs.
Board of Manappuram Finance approves acquisition of Manappuram Asset Finance
16 - May - 2019 12:00 AM | 40 days ago
The Board of Manappuram Finance at its meeting held on 15 May 2019 accorded their approval for acquiring 100% equity shares of Manappuram Asset Finance for consideration of Rs 34.21 crore.
Manappuram Finance consolidated net profit rises 43.04% in the March 2019 quarter
16 - May - 2019 12:00 AM | 40 days ago
Net profit of Manappuram Finance rose 43.04% to Rs 258.34 crore in the quarter ended March 2019 as against Rs 180.61 crore during the previous quarter ended March 2018. Sales rose 22.34% to Rs 1084.86 crore in the quarter ended March 2019 as against Rs 886.77 crore during the previous quarter ended March 2018.
For the full year,net profit rose 37.40% to Rs 929.48 crore in the year ended March 2019 as against Rs 676.48 crore during the previous year ended March 2018. Sales rose 20.33% to Rs 4116.32 crore in the year ended March 2019 as against Rs 3420.76 crore during the previous year ended March 2018.
