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Bain Makes ₹4,385 Crore Move for Manappuram
March 21, 2025
|Business Standard
The US-based private equity giant Bain Capital announced on Thursday that it has entered into a definitive agreement to acquire joint control of India's second-largest gold financier, Manappuram Finance, by purchasing an 18 per cent stake for ₹4,385 crore.
The acquisition will be through a preferential allotment of equity and warrants at ₹236 per share, a 30 per cent premium over the six-month average trading price.
The deal will trigger a mandatory open offer to purchase an additional 26 per cent stake in the company. The promoter family, led by V P Nandakumar, will hold a 28.9 per cent stake after the deal.
هذه القصة من طبعة March 21, 2025 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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