Manappuram Finance gains on acquisition of Milestone Home - The New Indian Express

Manappuram Finance gains on acquisition of Milestone Home

Published: 13th March 2014 12:19 PM

Last Updated: 13th March 2014 12:19 PM

Manappuram Finance (Manappuram) shares gained on Thursday after it has signed definitive agreements to acquire Milestone Home Finance Company from Jaypee Hotels, subject to relevant regulatory approvals.

Shares of the company are trading at Rs 22.60, up Rs 0.55, or 2.49% at the Bombay Stock Exchange (BSE) on Thursday at 9:51 a.m.The scrip has touched an intra-day high of Rs 22.95 and low of Rs 22.45. The total volume of shares traded at the BSE is 99,291.In the earlier session, the shares fell 2.22%, or Rs 0.5, at Rs 22.05.Currently, the stock is trading down 34.96% from its 52-week high of Rs 34.75 and above 129.44% over the 52-week low of Rs 9.85.

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