Web Sify
Follow us on

Manappuram surges; Baring raises stake

Source : REUTERS
Last Updated: Tue, Jun 26, 2012 09:00 hrs

Reuters Market Eye - Shares in Manappuram Finance surge 11 percent after the gold loan company said late on Monday private equity firm Baring India raised its stake by 0.95 percent to 5.94 percent.

Manappuram Finance founder VP Nandakumar on March 14 sold about a 4 percent stake to three large private equity funds, including Baring Private Equity Partners, for about $28.9 million.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance