Manappuram Finance Share Price Jumps 3% Ahead of Board Meeting on Fundraising Plans

Manappuram Finance share price saw an early surge of 2.82% on Thursday, March 20, 2025, reaching an intraday high of ₹220. However, by 10:10 AM, the stock slipped into negative territory, trading 0.35% lower at ₹213.20. Meanwhile, the BSE Sensex was down 0.44%, trading at 75,784.66.

Board Meeting and Fundraising Plans

The stock’s movement is driven by anticipation of the company’s board meeting scheduled for today. The board is expected to discuss raising funds through various methods, including:

• Equity shares, warrants, or other convertible securities
• Debt securities via preferential issues, private placements, QIPs, or rights issues

Manappuram Finance confirmed in an exchange filing that any fundraising would be subject to regulatory approvals. The board will also consider holding an extraordinary general meeting (EGM) to seek shareholder approval for the proposal.

About Manappuram Finance

Manappuram Finance is a NBFC based in Valapad, Thrissur, Kerala. Founded by V. C. Padmanabhan, the company operates over 4,190 branches across 25 states. As of 2024, it employs 51,004 people. In FY23, Manappuram Finance reported a revenue of ₹6,749 crore (approximately US$850 million).

Conclusion

With a strong market presence and plans for potential fundraising, Manappuram Finance continues to strengthen its financial position. Investors await key decisions from today’s board meeting.

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