Manappuram Finance Limited has announced that its Board of Directors will meet on March 20, 2025, to consider and evaluate a fund-raising proposal through various financial instruments. The company is exploring options including equity shares, warrants, convertible securities, or debt instruments via preferential issue, private placement, qualified institutional placement (QIP), rights issue, or a combination of these methods. The fundraising plan will be subject to statutory and regulatory approvals, including shareholders’ consent.
Additionally, the Board is expected to deliberate on convening an extraordinary general meeting (EGM) to seek approval from shareholders regarding the proposed fundraising.
In compliance with SEBI’s Prohibition of Insider Trading Regulations, the company has closed its trading window from March 17, 2025, until 48 hours after the conclusion of the board meeting on March 20, 2025. The trading window will reopen on March 24, 2025, at the start of business hours.
Investors will keenly watch the outcome of the board meeting, as any fundraising activity could play a crucial role in shaping the company’s growth trajectory.
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