Manappuram Finance Limited has provided a detailed clarification regarding a recent robbery incident at its Sambalpur branch in Odisha. The company confirmed that on January 3, 2024, at approximately 09:45 a.m., the branch experienced a daylight robbery resulting in the loss of gold jewelry and cash valued at approximately ₹20 crore.
Key Details:
- Incident: Robbery at Sambalpur branch (Branch ID: 2624).
- Estimated Loss: ₹20 crore in stolen gold jewelry and cash.
- Response:
- Authorities were immediately informed, and an FIR was filed.
- The Superintendent of Police is leading the investigation into the matter.
Manappuram Finance emphasized that the incident is isolated and has no bearing on the company’s overall operations or performance. The company also addressed concerns about its stock price, which declined by 4.56% on January 6, 2025, from ₹187.40 to ₹178.85. The management clarified that it is unaware of any unpublished price-sensitive information that might have influenced the trading price.
