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

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.