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
Shares of Manappuram Finance will be reacting to the news of Bain Capital acquiring stake in the company on Friday, March 21. Most of the analysts having coverage on the stock, have raised their price targets on the gold loan financier. However, it must be noted that shares of Manappuram Finance are in the Futures
Shares of Manappuram Finance Ltd. have surged as much as 6% on Friday, March 21, thereby hitting a record high in the process. The stock is reacting to Bain Capital acquiring stake in the company. Most of the analysts having coverage on the stock, have raised their price targets on the gold loan financier. However,