Manappuram Finance Limited (BSE:531213) might acquire a commercial vehicles (CV) loan company in a bid to expand the portfolio. V P Nandakumar, Managing Director and Chief Executive Officer of Manappuram Finance said, “If a good opportunity comes up, we will acquire a CV loan company. The AUM of that company should be below Rs 1000 crore because we can currently look for only that much.

We started offering CV loans a few months earlier because our customers wanted these. We want to expand this business gradually. These loans are treated as priority sector lending (PSL), which will be good since we are eyeing a small finance bank licence.”