The Securities and Exchange Board of India said in a report published on January 5, it had put Asirvad’s issue ‘Under Abeyance’. Manappuram owns a 97.6% stake in Asirvad Microfinance which had filed a prospectus to raise ₹1,500 crore in October, 2023. The IPO would have unlocked value in the subsidiary, said analysts.
Any big market correction unlikely; large pool of foreign money waiting on sidelines: Mahesh Nandurkar
We got investor participation from 20 different countries, which is the widest participation that we have ever received. So that goes to show the foreign