Manappuram Finance has announced an investment of Rs 250 crore in its subsidiary, Asirvad Micro Finance, as part of its growth and capital support strategy. The investment is aimed at strengthening Asirvad MFI’s balance sheet and supporting its expansion plans.
The company also informed that its board has approved an increase in the overall borrowing limit to up to Rs 75,000 crore, providing additional financial flexibility to support business growth across segments.
Separately, Manappuram Finance announced the appointment of a new Group Chief Financial Officer, reinforcing its senior leadership team as the company scales operations and focuses on long-term growth.
