Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance

Manappuram Finance Share Price: Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo. The valuation assigned to Asirvad MFI in the sum-of-the-parts (SOTP) valuation has now been removed.