Manappuram Finance Ltd Board Meeting Scheduled to Discuss Funds Raising and Borrowing Limit Enhancement
Manappuram Finance Limited has scheduled a meeting of its Board of Directors to discuss and approve matters related to enhancing the company's borrowing limits. The board meeting is set for Tuesday, June 23, 2026.During the proposed meeting, the directors are expected to consider and ratify plans concerning the raising of funds. These funds are intended to be raised through various instruments, including the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers.
The financing initiative is part of a broader proposal to enhance the borrowing limits of Manappuram Finance Limited under Section 180(1)(c) of the Companies Act, 2013. The successful enhancement of these borrowing limits remains subject to the subsequent approval of the company's shareholders.
MANAPPURAM Stock Price Movement
Today, Manappuram Finance Limited shares edged higher, settling at ₹321.35 after gaining 0.80%. The stock traded within a range of ₹317.75 to ₹322.45 and saw a volume of 1.4 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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