Announced Fri, 17 Jul · 18:44 IST
Mantra Capital reshapes MoA to focus on NBFC, EV financing and green finance
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹15.60
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.2+7.7+5.8-0.6+4.8—————
Up moveDown movePending
AI summary
Mantra Capital's board has approved altering the objects clause of its Memorandum of Association, subject to shareholder approval at the 42nd AGM. The revised objects shift the company from a general investment and finance business to a focused NBFC. New areas include lending to individuals and MSMEs, electric vehicle financing (especially three-wheelers), green finance for renewable energy, and asset finance. The company will no longer engage in real estate development.
Likely market impact
Signals a strategic pivot toward NBFC operations in EV financing, MSME lending and green finance. Needs AGM approval.