Manappuram Finance Limited — Important, 31-05-2025: General Updates

Manappuram Finance has announced a board meeting to consider the financial results for the quarter and half-year. The board approved investing up to Rs. 500 Cr in equity shares of subsidiary Asirvad Micro Finance via a rights issue at Rs. 60 per share. This capital infusion aims to strengthen Manappuram’s microfinance arm, enhancing growth potential and competitive positioning in the sector.