Twitter
Advertisement

Quinag buys stake in Manappuram Finance for Rs 143 cr

Foreign fund house Quinag Acquisition today bought 1.51 crore shares of Manappuram Finance for over Rs 143 crore, through an open market transaction.

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Foreign fund house Quinag Acquisition today bought 1.51 crore shares of Manappuram Finance for over Rs 143 crore, through an open market transaction.

According to the bulk deal data available with the BSE, Quinag Acquisition (FPI) purchased 1.51 crore shares or 1.79 per cent stake in the non banking financial company (NBFC).

The shares were acquired at an average price of Rs 94.73 apiece, valuing the transaction at Rs 143.04 crore, as per the data.

The seller of the shares could not be ascertained immediately.

Manappuram Finance stock settled the day on BSE at Rs 94.55, up 11.37 per cent from the previous close.

Apart from loan against gold, the NBFC also provides commercial vehicle loan, housing finance and SME (small and medium enterprise) loan.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
    Advertisement

    Live tv

    Advertisement
    Advertisement