21 stocks have risen up to 178%. This is about the same time when India VIX started receding and Rs 58,000 crore worth of foreign flows entered the market.
Allotment of Secured Redeemable Non-Convertible Debentures (NCPs) on Private Placement basis
Manappuram Finance Ltd has informed BSE that Financial Resources and Management committee of Board of Directors of the Company allotted 2000 Secured Redeemable Non-Convertible Debentures by way of Private Placement, having face value of Rs. 10,00,000/- each aggregating to Rs. 200 Crores (Two Crores only) on August 31, 2016.
Every rally is led by different stocks. Infrastructure, real estate and metals enjoyed a tremendous run in 2003-08, but underperformed in 2008-16.
After a sharp rally on both midcap and smallcap counters, some experts felt a slight correction could be in the offing, but the long-term trend still remains intact.
Intimation of Schedule of Analyst / Investor Meeting
Manappuram Finance Ltd has informed BSE regarding “Intimation of Schedule of Analyst / Investor Meeting”.
Intimation of raising funds through Secured Redeemable Non-Convertible Debentures (NCDs) on Private Placement basis
Manappuram Finance Ltd has informed BSE that the proposal to raise funds through Secured Redeemable Non-Convertible Debentures aggregating to Rs.200 Crores on Private Placement basis, in compliance with applicable provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI Circular dated April 21, 2016 on Electronic book mechanism, will be considered by the Financial Resources and Management Committee of Board of Directors at its meeting to be held on August 29, 2016.
Allotment of Secured Redeemable Non-Convertible Debentures (NCDs”) on Private Placement basis
Manappuram Finance Ltd has informed BSE that Financial Resources and Management committee of Board of Directors of the Company allotted 750 Secured Redeemable Non-Convertible Debentures by way of Private Placement, having face value of Rs.10,00,000/- each aggregating to Rs.75 Crores (Seventy Five Crores only) on August 23, 2016.
Friday’s closing of the market formed a strong bullish candle, which indicated further upside. Traders should trail their stops on long positions below 8,500.
Manappuram Finance Ltd has submitted to BSE a copy of the Scrutinizers Report for Annual General Meeting (AGM) of the Company held on August 09, 2016.
Fixes Record Date for Interim Dividend
Manappuram Finance Ltd has informed BSE that the Company has fixed August 23, 2016 as the Record Date for the purpose of Payment of Interim Dividend for FY 2016-17.
MORE FROM NEWS RECOS
Manappuram Finance Ltd. incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 7,342.74 Cr.) operating in Finance sector.
Manappuram Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 2189.80 Cr to Sales Value (98.94% of Total Sales),Processing Charges which contributed Rs 12.87 Cr to Sales Value (0.58% of Total Sales),Other Operating Revenue which contributed Rs 10.41 Cr to Sales Value (0.47% of Total Sales), for the year ending 31-Mar-2016.
The company s management includes Dr.Amla Samanta, Mr.B N Raveendra Babu, Mr.E A Kshirsagar, Mr.Jagdish Capoor, Mr.Kapil Krishan, Mr.N R Bahuleyan, Mr.P Manomohanan, Mr.Pradeep Saxena, Mr.Ramesh Periasamy, Mr.Shailesh J Mehta, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran, Mr.Ramesh Periasamy.
Company has S R Batliboi Associates LLP as its auditors. As on 30-Jun-2016, the company has a total of 841,331,511 shares outstanding.
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