 "A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai")
Shares of gold mortgage firm Manappuram Finance was up 4% at Rs 94 on the BSE after the company raised Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs) on a private placement basis to ICICI Prudential Mutual Fund.
“The financial resources and management committee of the board of directors of the company allotted 2,000 secured redeemable non-convertible debentures by way of private placement, having face value of Rs 10,00,000 each aggregating Rs 200 crore on September 12, 2016, to ICICI Prudential Mutual Fund,” the company said in a regulatory filing.
Thus far in 2016, it appreciated by more than three-fold from Rs 30, as compared to 8.6% rise in the S&P BSE Sensex.
The stock is currently trading near to its record high of Rs 95 touched on BSE on November 22, 2010 in intra-day trade. Till 11:03 am, a combined 4.37 million shares changed hands on the counter on the BSE and NSE.
“The financial resources and management committee of the board of directors of the company allotted 2,000 secured redeemable non-convertible debentures by way of private placement, having face value of Rs 10,00,000 each aggregating Rs 200 crore on September 12, 2016, to ICICI Prudential Mutual Fund,” the company said in a regulatory filing.
Thus far in 2016, it appreciated by more than three-fold from Rs 30, as compared to 8.6% rise in the S&P BSE Sensex.
The stock is currently trading near to its record high of Rs 95 touched on BSE on November 22, 2010 in intra-day trade. Till 11:03 am, a combined 4.37 million shares changed hands on the counter on the BSE and NSE.
