Manappuram Finance gets nod for equity infusion of up to Rs 100 crore in WOS

Manappuram Finance has received an approval for equity infusion of up to Rs 100 crore in its wholly owned subsidiary (WOS) — Manappuram Home Finance (MAHOFIN). The Board of Directors of the company at their meeting held on November 06, 2018, approved the same.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.