Manappuram Finance’s shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram’s assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.
Sebi approves 3 IPOs of Cosmic PV, Monomark, RKB Global along with NSE
SEBI has approved IPOs for Cosmic PV Power, Monomark Engineering, and RKB Global, alongside the National Stock Exchange’s major public offer. These approvals highlight a
September 4, 2026