Manba Finance Ltd experienced a 3% surge in its stock price following the announcement of a strategic Memorandum of Understanding (MoU) with Piaggio Vehicles Pvt Ltd (PVPL), a wholly-owned subsidiary of the globally renowned Piaggio Group. This partnership marks a significant step in the Indian financial and small commercial vehicle sectors, promising innovative financing solutions tailored to meet customer needs.
The collaboration between Manba Finance and PVPL aims to simplify vehicle ownership by offering low down payment options, competitive interest rates and loan tenures extending up to four years.
As of 9:54 am, Manba Finance shares were trading 3.36% higher at Rs 151.52 on the NSE.
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