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Manappuram Finance shares plunge over 7% as SEBI puts Asirvad IPO on hold
The delay in the IPO represents a blow to Manappuram Finance, which had raised its stake in Ashirwad Microfinance in June 2022, acquiring a majority stake as part of its broader diversification strategy. Asirvad Microfinance had filed a DRHP with SEBI to raise Rs 1,500 crore from the public back in October last year.