Stock market today: The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, tracking mixed signals from global markets. Asian markets were largely flat, with several exchanges shut due to holidays, while the US stock market closed on a mixed note last week. “Indian equity markets are likely…
Manappuram Finance, on Saturday, said that the company has received Reserve Bank of India (RBI) approval for the proposed acquisition of up to 41.66% of the company’s paid-up equity capital or convertible instruments by Bain Capital affiliates — BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd. Manappuram Finance said in a statement…
Gold loan company Manappuram Finance Limited said in the information given to the exchange on Saturday that the Reserve Bank of India (RBI) has given approval to Bain Capital to buy up to 41.7 percent stake in the company. The company informed the exchange that it has received final approval from the Reserve Bank of…
Gold loan NBFC stocks came under severe selling pressure during a special trading session on February 1, with Muthoot Finance and Manappuram Finance falling 7.6% and 6%, respectively. Both stocks have remained under pressure in recent sessions. Muthoot Finance has corrected 10.5% over the last three trading sessions, while Manappuram Finance has declined by a…
Manappuram Finance share price saw renewed buying in Monday’s session on January 12, surging 4.5% to hit the day’s high of 298.70 apiece after the gold loan financier issued a clarification on media reports suggesting that the Reserve Bank of India (RBI) had delayed the company’s deal with Bain Capital. The company’s shares had crashed…
Photo : ET NOW SWADESH Digital RBI raised objection to the deal of Manappuram Finance and Bain Capital. (symbolic photo) highlights Manappuram Finance shares have given a return of 59.15 percent in one year. Whereas this return during 3 years has been 134.11 percent. Apart from this, the company’s 5 year return has been 63.40…
Talking about gold prices, on Wednesday the futures price of gold for February delivery on MCX reached a record level of ₹ 1,38,676 per 10 grams. This was the third consecutive session when gold saw a rise. In the international market too, Comex Gold Futures reached a new all-time high of $4,555.1 an ounce. Source
