Bain picks up 18% in Manappuram Finance – Industry News
Private equity firm Bain Capital on Thursday said it has entered into definitive agreements to acquire joint control in Manappuram Finance, the country’s second-largest gold loan firm, through an 18% stake for Rs 4,385 crore. The stake will be acquired via a preferential allotment of equity shares and warrants at Rs 236 per share, implying