March 26, 2025

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Manappuram Finance shares jump 14% as Bain Capital buys 18% stake for ₹4,385 crore

  • March 21, 2025

Shares of non-bank lender Manappuram Finance rose as much as 14% in intraday trade on Friday to hit a record high after private equity firm Bain Capital said it will be invest ₹4,385 crore to acquire an 18% stake in the Kerala-based non-banking financial company (NBFC). Bain Capital has entered into definitive agreements to acquire

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Finance

Bain picks up 18% in Manappuram Finance – Industry News

  • March 20, 2025

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

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