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Latest news about Manappuram Finance

Manappuram Finance Denies Reports on Bain Capital Deal Delay, Confirms RBI Approval Pending 1 day ago Yesterday

Manappuram Finance Ltd denied media reports about delays in its Bain Capital transaction, calling them factually incorrect. The company has received RBI approvals for management changes at its subsidiaries but awaits final transaction approval. All regulatory filings have been submitted as required. Shares fell 5.33% to ₹293.00 following the clarification to stock exchanges.

Manappuram Finance Denies Reports of Bain Capital Deal Delay Due to Regulatory Issues 1 day ago

Manappuram Finance denies media reports on Bain Capital deal delays, calls them factually incorrect 1 day ago

Manappuram Finance Shares Drop 10% Following RBI Concerns Over Bain Capital Deal 1 day ago

Manappuram Finance Shares Fall 10% Following Reports of RBI Objections to Bain Capital Deal 1 day ago

More news about Manappuram Finance

09Jan 26

Manappuram Finance Shares Drop 10% After RBI Raises Concerns Over Bain Capital Deal

Manappuram Finance shares declined 10% after the Reserve Bank of India flagged concerns over a Bain Capital deal, expressing discomfort with same investor control over multiple lending institutions. The RBI's stance affects both banks and NBFCs, with historical precedent showing private equity firms with 20% or more stakes in non-bank lenders being forced to reduce holdings following regulatory objections.

09Jan 26

Bain Capital's ₹4,400 Crore Manappuram Finance Deal Hits RBI Roadblock Over Multiple Lender Control

RBI has objected to Bain Capital's ₹4,400 crore acquisition of controlling stake in Manappuram Finance due to the firm's existing 93% ownership in Tyger Capital. The central bank discourages multiple lender control, causing Manappuram shares to fall 10%. Bain is exploring phased divestment in Tyger Capital to address regulatory concerns while having already secured other required approvals for the two-phase deal.

09Jan 26

Manappuram Finance Shares Fall 7% as RBI Objects to Bain Capital Deal

Manappuram Finance shares dropped 7% to ₹287.30 on January 9 after RBI objected to Bain Capital's ₹4,400 crore stake acquisition plan. The regulatory concerns focus on Bain's existing 93% control of Tyger Capital, violating RBI's policy against investors controlling multiple lenders. Bain is exploring divestment of its Tyger Capital stake to secure approval for the Manappuram deal.

09Jan 26

Manappuram Finance Shares Drop 10% Following Reports of RBI Objections to Bain Capital Deal

Manappuram Finance shares fell 10% initially on Friday, January 9, following Reuters reports of RBI objections to Bain Capital's controlling stake acquisition plans. The stock recovered to close 6.7% lower at ₹288.55. Bain Capital is reportedly exploring a phased divestment in Tyger Capital to address regulatory concerns and move forward with the deal.

09Jan 26

RBI Raises Concerns Over Bain Capital's Bid for Controlling Stake in Manappuram Finance

The Reserve Bank of India has raised concerns over Bain Capital's bid to acquire a controlling stake in Manappuram Finance, as reported by Reuters. This regulatory scrutiny represents a potential obstacle for the private equity firm's investment plans and highlights the stringent oversight governing foreign investment in India's financial services sector.

09Jan 26

Bain Capital Considers Partial Sale of Tyger Capital in India to Address Manappuram Deal Challenges

Bain Capital is exploring the sale of part of its Tyger Capital operations in India to tackle issues with its Manappuram Finance deal. This strategic move reflects the investment firm's efforts to address transaction-related challenges and highlights the complexities of large-scale financial deals in the Indian market.

07Jan 26

Manappuram Finance Sees ₹18.99 Crore NSE Block Trade at ₹312.85 Per Share

Manappuram Finance Ltd. recorded a significant NSE block trade worth ₹18.99 crores involving 607,117 shares at ₹312.85 per share. The large-volume transaction reflects institutional activity and demonstrates continued investor interest in the non-banking financial company through efficient block trade execution.

31Dec 25

Morgan Stanley Raises Manappuram Finance Price Target to ₹300 Amid Improved Risk-Reward Profile

Morgan Stanley has raised Manappuram Finance's price target to ₹300 while maintaining an Equal-weight rating, citing improved risk-reward profile supported by strong gold prices and better loan growth prospects. The brokerage's analysis presents three scenarios with the base case at ₹236.00, bull case at ₹562.00, and bear case at ₹190.00, reflecting varying execution outcomes. The assessment emphasizes valuation considerations over near-term earnings, with expectations for the stock to remain range-bound until clarity emerges on strategy execution and asset quality.

29Dec 25

Gold Financiers Muthoot and Manappuram Emerge as Safer Bets Than Metal Stocks in Commodity Rally

Market expert Sameer Dalal recommends a cautious approach to investing in the current commodity rally, favoring gold finance companies over metal producers. He suggests that elevated gold prices create growth opportunities for gold loan companies like Muthoot Finance and Manappuram Finance, potentially increasing loan exposure by 15-20% on the same collateral. However, Dalal warns of risks in gold financing if prices drop sharply. For the jewelry sector, he notes challenges due to reduced gold quantity sales and pressure on profitability. Regarding base metals, Dalal believes the rally is largely priced into current stock valuations, limiting further upside potential.

29Dec 25

Manappuram Finance Hits Fresh Record Highs After Breaking 3-Month Consolidation

Manappuram Finance Ltd achieved fresh record highs in December 2025 after breaking out from a three-month consolidation that began in September 2025. The stock overcame the ₹300.00 resistance level that had capped gains during the consolidation period. Technical experts suggest the rally may continue, recommending short-term traders consider a target of ₹330.00 over the next 2-3 weeks based on the bullish chart pattern.

26Dec 25

Manappuram Finance Appoints Group CFO, Invests ₹250 Crores in Asirvad Micro

Manappuram Finance announced the appointment of Buvanesh Tharashankar as Group Chief Financial Officer with nearly three decades of banking experience. The company approved ₹250 crores investment in subsidiary Asirvad Micro Finance and authorized ₹75,000 crores borrowing limit subject to shareholder approval. The stock hit a 52-week high of ₹318.90 with seven consecutive days of gains totaling 11%.

24Dec 25

Manappuram, Muthoot Finance shares rally up to 7% to fresh peaks on record gold prices

Manappuram Finance and Muthoot Finance shares reached new record highs, with gains of up to 7%, mirroring the surge in domestic and global gold prices. Manappuram Finance rose 6.8% to ₹314.70, while Muthoot Finance climbed 2.1% to ₹3,889.00. Gold futures on MCX hit a lifetime high of ₹138,676.00 per 10 grams, with global spot gold reaching $4,439.00 per ounce. Year-to-date, Muthoot Finance and Manappuram Finance have outperformed the BSE Sensex with gains of 82% and 65% respectively. Analysts remain positive on both companies, citing strong growth momentum in gold loans, improved asset quality, and expanded margins.

05Dec 25

Manappuram Finance Allots Rs 500 Crore Debentures with 8% Coupon Rate

Manappuram Finance Limited has completed the allotment of Rs 500 crore secured debentures with an 8% annual coupon rate and 730-day tenure, maturing on December 15, 2027. The debentures are secured by first ranking charge on current assets and will be listed on BSE Limited, with proceeds earmarked for business growth and asset book expansion.

03Dec 25

Manappuram Finance Bolsters Compliance with Appointment of Ashish N Chandak as Group Chief Compliance Officer

Manappuram Finance Limited has appointed Ashish N Chandak as Group Chief Compliance Officer and Senior Management Personnel, effective December 3, 2025. Chandak brings nearly 30 years of experience in the BFSI sector, including a role as Chief Compliance Officer at YES Bank during its post-reconstruction phase. His expertise spans Business Development, Credit Risk Management, Compliance, and Fraud Risk Management. Chandak has structured over 200 transactions across various sectors, facilitating financing exceeding ₹100 billion. This appointment is expected to strengthen Manappuram Finance's compliance framework and governance practices.

01Dec 25

Manappuram Finance Strengthens Leadership with New Group General Counsel

Manappuram Finance Limited has appointed Sanjay Gangadharan Nambiar as Group General Counsel and Senior Management Personnel, effective December 1, 2025. Nambiar brings 31 years of legal experience, with over 25 years in banking and financial services. His career includes roles at Kerala State Industrial Development Corporation, IDBI Ltd., ICICI Bank, and YES Bank. Nambiar holds law degrees from the University of Calicut and completed a Senior Management Programme at IIM Kozhikode. Manappuram Finance's recent financial data shows growth in total assets, equity, and current assets.

31Oct 25

Manappuram Finance Plans to Reduce Gold Loan Yields by 100 Basis Points

Manappuram Finance, a major player in India's gold loan market, plans to reduce yields in its gold loan business by approximately 100 basis points. This strategic move aims to increase competitiveness and attract more borrowers, while addressing the negative impact of other business segments on the company's consolidated financial performance. The company's standalone financial results for Q2 FY2026 show a Total Income of ₹1,823.59 crore and Profit After Tax of ₹375.81 crore.

30Oct 25

Manappuram Finance Reports 62% Drop in Q2 Net Profit

Manappuram Finance's consolidated net profit for Q2 fell by 62% year-over-year to ₹2.19 billion, down from ₹5.71 billion. Revenue decreased by 13.30% to ₹22.83 billion from ₹26.33 billion in the same quarter last year. The significant decline in both profit and revenue may raise concerns among investors and market analysts about the company's performance in the challenging financial services sector.

14Oct 25

Cohesion MK Best Ideas Sub-Trust Acquires 1.07% Stake in Manappuram Finance

Cohesion MK Best Ideas Sub-Trust, associated with investor Madhu Kela, has acquired a 1.07% stake in Manappuram Finance Limited during the second quarter of the current fiscal year. This marks a new position for the trust in the non-banking financial company, which is known for its gold loan business and has diversified into microfinance, home loans, and vehicle finance.

23Sept 25

SEBI Approves BC Asia Investments' 26% Open Offer for Manappuram Finance, RBI Clearance Pending

BC Asia Investments XXV Limited and concert parties received SEBI approval for an open offer to acquire up to 26% of Manappuram Finance Limited's expanded voting share capital. The offer targets 24.42 crore equity shares from public shareholders. RBI approvals are pending for Manappuram Finance and its subsidiaries. The Letter of Offer will be dispatched after RBI clearances, with the tendering period starting within 12 working days of final RBI approval. Payment to successful shareholders will be completed within 10 working days post-tendering, with a 10% per annum interest for delays.

17Sept 25

Manappuram Finance Secures RBI Nod for Management Change and Preferential Issue

The Reserve Bank of India (RBI) has approved a management change and preferential issue for Manappuram Finance. BC Asia Investments XXV Limited will invest INR 2,192.47 crores through 9.29 crore equity shares, while BC Asia Investments XIV Limited will receive 9.29 crore warrants, both at INR 236.00 per share/warrant. The investing entities will gain control and be classified as promoters alongside existing promoters. A mandatory open offer to public shareholders has been initiated. The transaction's completion is subject to additional RBI approvals for Manappuram Finance and its subsidiaries.

27Aug 25

Manappuram Finance Secures RBI Approval for Key Management Changes in Subsidiaries

Manappuram Finance has received RBI approval for appointing Ms. Radhika Subramanian as Additional Director in two subsidiaries: Manappuram Home Finance and Asirvad Micro Finance. This is part of a larger transaction involving issuance of equity shares and warrants to BC Asia Investments, potentially leading to a change in control. The deal includes a securities subscription agreement for 9.29 crore equity shares and 9.29 crore warrants at INR 236.00 per share. Upon completion, BC Asia Investments will acquire control and be classified as promoters alongside existing ones. A mandatory open offer to public shareholders will follow, subject to additional RBI approvals.

11Aug 25

Manappuram Finance Vehicle Loan NPAs Jump to 9.2% in June Quarter

Manappuram Finance's Q1 results showed a sharp rise in vehicle finance Gross NPAs to 9.20% from 6.70% in Q4. Overall AUM declined by 1.40% YoY, contrary to expected 2.00% growth, while gold loan AUM increased by 22.00%. Net Interest Income fell 10.00% YoY and 4.40% QoQ, with profits down 75.00% YoY. The company plans to increase gold loans to 75.00% of its portfolio from 65.00%, expects gold loan yields to moderate to 18.00% from 20.70%, and awaits RBI approval for Bain Capital deal. Shares closed 1.40% lower at ₹257.35, despite a 35.00% YTD gain.

08Aug 25

Manappuram Finance Reports Q1 Results, Declares Rs. 0.50 Interim Dividend, and Announces Leadership Changes

Manappuram Finance approved Q1 financial results and declared an interim dividend of Rs. 0.50 per share with August 14 as the record date. Leadership changes include V.P. Nandakumar becoming Chairman from August 28, replacing Dr. Shailesh Jayantilal Mehta who retires on August 27. The company also invested in its subsidiary Asirvad Micro Finance Limited by subscribing to 8,33,33,333 equity shares at Rs. 60.00 per share.

08Aug 25

Manappuram Finance Reports Sharp Decline in Q1 Profitability

Manappuram Finance Limited, a leading NBFC, reported a significant drop in its Q1 consolidated net profit to ₹1.38 billion from ₹5.55 billion year-over-year. Revenue decreased to ₹22.62 billion from ₹24.90 billion. EBITDA fell to ₹10.29 billion with margin compression to 45.48%. The Gold Loan segment remained profitable, while Micro Finance reported a loss. Despite challenges, the company maintained strong capital adequacy at 24.77% and liquidity coverage ratio at 174.76%. The Board declared an interim dividend of ₹0.50 per equity share.

06Aug 25

Manappuram Finance Approves $2 Billion Global Medium Term Note Programme

Manappuram Finance has converted its euro medium term note programme to a global medium term note (GMTN) programme, approving the issuance of senior secured notes up to $2 billion. The financial and resources management committee has approved the execution of definitive documents, special consolidated financial statements, and delegated authority for implementation. The notes will be issued under Regulation S and Rule 144A of the U.S. Securities Act, subject to market conditions and regulatory compliance. The offering will not be available in India.

01Aug 25

Manappuram Finance Welcomes Deepak Reddy as New CEO, V P Nandakumar Continues as Managing Director

Manappuram Finance Limited has appointed Deepak Reddy as CEO, effective August 1, 2025. V P Nandakumar's role changes from 'Managing Director & CEO' to 'Managing Director' as of July 31, 2025. Reddy will report directly to Nandakumar in the new structure. The company has disclosed these changes to relevant stock exchanges in compliance with SEBI regulations.

24Jul 25

Manappuram Finance Withdraws FPI Investment Limit Proposal from AGM Agenda

Manappuram Finance Limited has withdrawn the proposal to increase the Foreign Portfolio Investor (FPI) holdings ceiling to 74% from its upcoming 33rd Annual General Meeting agenda. The decision was made after discovering that existing regulations already allow 100% FPI investment in the NBFC sector. The company has issued an addendum to the AGM notice, renumbered the remaining agenda items, and will enable e-voting for the updated resolutions. The AGM is scheduled for August 14, 2025, with remote e-voting available from August 11 to 13, 2025.

07Jul 25

Manappuram Finance Sees Significant Block Trade: 1.98 Million Shares Change Hands

Manappuram Finance Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 1,979,324 shares, valued at Rs. 54.36 crores, with each share priced at Rs. 274.65. This substantial trade could indicate potential changes in shareholding or institutional investor activity, although the parties involved remain undisclosed. The event may influence market sentiment towards the non-banking financial company known for its gold loan business and diversified financial services.

24Jun 25

CCI Greenlights Bain Capital's Stake Acquisition in Manappuram Finance

The Competition Commission of India (CCI) has approved Bain Capital's proposed acquisition of a significant stake in Manappuram Finance, a leading Indian non-banking financial company (NBFC). This decision could potentially reshape the ownership structure of Manappuram Finance and bring fresh capital and global expertise to the Indian NBFC sector. The approval suggests that the deal does not raise major competition concerns in the market. While specific details about the stake size and financial terms are not disclosed, this transaction is expected to be closely monitored by market participants.

06Jun 25

RBI Eases Gold Loan Norms: Potential Impact on Muthoot Finance

RBI has announced that credit appraisals will no longer be required for gold loans up to ₹2.50 lakhs. This change could benefit Muthoot Finance Ltd, one of India's largest gold loan NBFCs. The new regulation may lead to increased loan volume, faster processing, improved operational efficiency, and market expansion for Muthoot Finance. Industry-wide implications include potential increased competition, focus on customer experience, and the need for adapted risk management strategies.

30May 25

Manappuram Finance May Benefit from Proposed Exclusion of Small Gold Loan Borrowers

The Department of Financial Services (DFS) has proposed excluding gold loans below Rs 2 lakh from upcoming gold loan regulations. This change could potentially benefit Manappuram Finance, a leading Indian gold loan company, by allowing more flexibility in small-ticket loans, reducing compliance burdens, and possibly providing a competitive advantage in the market. The proposal, if implemented, could increase accessibility to gold loans for small borrowers and potentially reshape the gold loan industry landscape.

12May 25

Manappuram Finance Sets Ambitious 18% ROE Target, Eyes Strong Growth in Non-Gold Segments

Manappuram Finance Ltd. has announced strategic growth plans, targeting 18% Return on Equity. The company aims for 20% growth in non-gold segments while expecting good growth in gold loan AUM. For FY 2025-26, they anticipate strong gold loan AUM growth driven by digital onboarding and rural demand. The strategy focuses on diversification and enhancing overall financial performance.

12May 25

Manappuram Finance Reports Narrowed Q4 Net Loss of ₹203.00 Crore

Manappuram Finance reported a consolidated net loss of ₹203.00 crore for Q4, down from ₹560.00 crore loss in the same quarter last year, marking a 63.75% reduction. Revenue remained stable at ₹2,360.00 crore, a slight 0.43% increase year-over-year. The company shows signs of improved cost management but continues to face profitability challenges.

09May 25

Manappuram Finance Reports Q4 FY25 Net Loss of ₹203.20 Crore, Declares Interim Dividend

Manappuram Finance Ltd. reported a consolidated net loss of ₹203.20 crore for Q4 FY25, compared to a profit of ₹563.50 crore in Q4 FY24. Net Interest Income declined by 6.70% year-over-year to ₹1,464.30 crore. Impairment charges increased sharply to ₹919.20 crore, significantly impacting profitability. Despite the loss, the company declared an interim dividend of ₹0.50 per share.

06May 25

Bain Capital Seeks Approval for Manappuram Finance Stake as Company Prepares for Q4 Earnings Call

Bain Capital has applied to the Competition Commission of India to acquire a stake in Manappuram Finance. Simultaneously, Manappuram is preparing for its Q4 FY25 earnings call on May 9, 2025, where key management will discuss financial performance and business outlook. The convergence of these events puts Manappuram in a significant position, with potential implications for its future strategy and operations in the NBFC sector.

05May 25

Manappuram Finance: Bain Capital Seeks CCI Approval for Rs 4,385 Crore Stake Acquisition

Bain Capital has applied for CCI approval to acquire an 18% stake in Manappuram Finance for Rs 4,385 crore through a multi-phase deal. Manappuram Finance also announced its Q4 FY25 Investors Earnings Call for May 9, 2025, where key executives will discuss financial results and business outlook.

30Apr 25

Manappuram Finance to Announce Q4FY25 Results and Consider Interim Dividend on May 9

Manappuram Finance will release its Q4 and full-year FY2025 results on May 9, 2025. The board meeting will review financial results and consider an interim dividend declaration. The trading window for company securities will be closed until 48 hours after the results announcement, reopening on May 12, 2025. Investors are focusing on loan book growth, asset quality, net interest margin, and potential dividend announcements.

02Apr 25

Manappuram Finance Soars as Bain Capital Plans Major Stake Acquisition

Global private equity firm Bain Capital plans to acquire up to 41.70% stake in Manappuram Finance, a leading Indian NBFC, for Rs 4,385 crore. The deal, expected to complete by December 2025, aims to strengthen governance, address succession planning, and support growth initiatives. The announcement has been well-received by the market, leading to analyst upgrades and increased target prices for Manappuram Finance's stock.

25Mar 25

Manappuram Finance: Bain Capital's Stake Acquisition and Executive Changes Draw Attention

Bain Capital is set to acquire an 18% stake in Manappuram Finance, with potential for a higher stake by 2025. This acquisition grants Bain Capital joint control and board nomination rights. Concurrently, V.P. Nandakumar will transition to a non-executive role, and a planned refresh of the executive team is underway. Fitch Ratings views this as a potential solution to management succession concerns but cautions about continuity risks. An Extraordinary General Meeting is scheduled for April 16, 2025, to address these changes.

25Mar 25

Manappuram Finance Plans Borrowing Program for FY 2025-26, Capital Buffer Set to Strengthen

Fitch Ratings has given a positive outlook for Manappuram Finance Ltd following the company's move to raise new equity. This is expected to significantly strengthen the NBFC's capital buffer, enhancing its financial stability and growth prospects. The company's board is set to meet on March 29 to consider a borrowing program for FY 2025-26, and an Extraordinary General Meeting is scheduled for April 16, 2025.

24Mar 25

Manappuram Finance Soars as Morgan Stanley Hikes Target Price on Bain Capital Deal

Manappuram Finance shares continue to rise for the eighth consecutive day following Morgan Stanley's increased target price from Rs 180 to Rs 220. The revision comes after Bain Capital's proposal to become a promoter of the NBFC. The stock rose 4.10% to Rs 243.75, with Morgan Stanley's new target factoring in a 14% discount on Bain Capital's open offer price of Rs 236.

21Mar 25

Manappuram Finance Sees Major Block Trade as Bain Capital Set to Acquire Joint Control

Manappuram Finance announced a strategic partnership with Bain Capital, involving a Rs. 4,385 crore investment for an 18% stake. The deal includes a preferential allotment at Rs. 236 per share, a 30% premium over the 6-month average. Bain Capital will make a mandatory open offer for an additional 26% stake. The partnership aims to drive Manappuram's growth, enhance operations, and expand its presence in key segments. The transaction is subject to regulatory approvals and is expected to close by Q2-Q3 of the next fiscal year.

21Mar 25

Bain Capital to Acquire Joint Control in Manappuram Finance with ₹4,385 Crore Investment

Manappuram Finance has announced a strategic partnership with Bain Capital, involving a ₹4,385 crore investment for an 18% stake. The deal includes preferential allotment of equity shares and warrants at ₹236 per share, a 30% premium over the 6-month average trading price. A mandatory open offer for an additional 26% stake will be triggered. The partnership aims to drive expansion, strengthen management, and accelerate growth in various segments. V.P. Nandakumar will transition to non-executive chairperson, and the board will include two Bain Capital nominees. The transaction is subject to regulatory approvals.

20Mar 25

Manappuram Finance Announces Major Capital Raise, Acquisition, and Ownership Changes

Manappuram Finance Limited (MFL) is set to raise ₹4,385 crore through a preferential issue to BC Asia Investments, involving equity shares and warrants. The company will acquire a 99.92% stake in Manappuram Asset Finance Limited. BC Asia Investments will gain control over MFL, becoming a co-promoter alongside existing promoters. The board will be reconstituted with V.P. Nandakumar becoming non-executive chairperson. A mandatory open offer to public shareholders will follow. The company's subsidiary, Asirvad Micro Finance, will withdraw its DRHP, cancelling IPO plans.

18Mar 25

Manappuram Finance to Consider Fund Raising Options in Upcoming Board Meeting

Manappuram Finance's board will meet on March 20, 2025, to explore various fund-raising options including equity shares, warrants, convertible securities, and debt securities. The company will consider methods such as preferential issue, qualified institutional placement, and rights issue. Any fund-raising will require regulatory and shareholder approvals. The trading window for company securities will be closed from March 17 to March 24, 2025. Recent market speculation suggests Bain Capital may be looking to acquire a controlling stake in the company.

27Feb 25

Manappuram Finance Faces F&O Trading Restrictions as Stock Hits Position Limit

Manappuram Finance Ltd., a prominent NBFC, has been added to the futures and options (F&O) ban list by stock exchanges. This restriction prohibits new F&O positions but allows squaring off existing ones. The ban may lead to increased stock volatility, reduced derivatives liquidity, and a shift in trading focus to the cash segment. Investors are advised to monitor the situation closely and exercise caution in their trading decisions.

24Feb 25

Bain Capital Eyes Controlling Stake in Manappuram Finance in Potential ₹10,000 Crore Deal

Global private equity firm Bain Capital is in final negotiations to acquire a controlling stake in Manappuram Finance, a Kerala-based gold loan provider and non-bank lender. The deal, valued between ₹9,000-10,000 crore, would give Bain Capital up to 46% ownership through fresh capital infusion and secondary sale of promoter shares. The transaction is expected to be priced at ₹237-240 per share. Bain Capital plans to appoint a new CEO and transition current promoters to non-executive roles. An open offer to public shareholders is anticipated following the initial transaction.

19Feb 25

Manappuram Finance Hits F&O Ban List as Positions Exceed Limit

On February 19, 2025, Manappuram Finance Ltd was placed in the National Stock Exchange's Futures and Options ban list after exceeding 95% of the market-wide position limit. This restricts new positions in F&O trading for the stock, allowing only reduction of existing positions. The ban indicates high interest in the stock's derivatives and may lead to increased volatility and more activity in the cash market. The restriction will be lifted when open interest falls below the 95% threshold.