يحاول ذهب - حر
Manappuram stock hits record high after Bain deal
March 22, 2025
|Business Standard
Analysts believe the deal will improve operational efficiencies
Shares of Manappuram Finance jumped over 7 percent on Friday after the company informed the exchanges that Bain Capital will be investing ₹4,385 crore to acquire 18 percent stake in the company. The move will help the US private equity firm gain control over the gold loan provider, and ease its management succession plans.
Bain Capital will subscribe to Manappuram's shares and warrants at ₹236 apiece, at a 9 percent premium over the stock's closing price on Thursday of ₹217.5.
After the investment, which is valued at $508 million, Bain Capital will jointly control Manappuram with other large shareholders, termed as 'promoters' under regulations.
Manappuram's shares rose 7.7 percent to settle at ₹234.4, their highest level on record.
هذه القصة من طبعة March 22, 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
المزيد من القصص من Business Standard
Business Standard
M3M to invest ₹7.2K crore in Gurugram township
Realty firm M3M India on Wednesday said it would invest 7,200 crore to develop a 150-acre integrated township in Gurugram as part of its expansion plans.
1 min
November 06, 2025
Business Standard
Chalet expects hospitality margins to grow rapidly
Chalet Hotels, a hotel asset management company, which expanded its portfolio by 166 rooms in the first half (H1) of FY26, expects ‘rapid growth’ in its hospitality segment’s margins. This is after occupancies of its new rooms stabilise in the coming quarters.
1 mins
November 06, 2025
Business Standard
Tesla board to shareholders: Pay CEO Musk or else
Tesla’s board of directors has pushed in all its chips on Elon Musk (pictured).
2 mins
November 06, 2025
Business Standard
A pivotal test for CPI(ML)L
The 2025 Bihar Assembly polls are a pivotal test for the ‘Jhande par teen tara’ party, as ‘Bhakapa Maalay’ or Maalay, the Communist Party of India (Marxist Leninist) Liberation, has increasingly come to be known on the ground in the state.
5 mins
November 06, 2025
Business Standard
Brookfield Reit seals India’s record office real estate deal
Anuj Puri, chairperson, AnarockGroup, termed the deal as the biggest Reit acquisition in India so far. It’s a major event in the country's commercial real estate market, Puri said.
2 mins
November 06, 2025
Business Standard
Committed expenditure of states on rise: Report
Threatens ability to fund crucial development programmes
2 mins
November 06, 2025
Business Standard
Qcom majors club orders to cut costs, boost efficiency
But the move extends delivery times, lowers payouts for delivery partners
3 mins
November 06, 2025
Business Standard
Cement, chemicals drive Grasim net profit up 76%
Building boost
1 mins
November 06, 2025
Business Standard
Paytm bets on AI-led revenue growth, cost-efficiency
After helping rein in costs, Paytm’s artificial intelligence (AD)-led product focus is expected to further drive revenue growth, founder and chief executive officer (CEO) Vijay Shekhar Sharma said on Wednesday.
1 mins
November 06, 2025
Business Standard
Trump ‘very positive’, about future of ties with India: White House
US President Donald Trump feels \"very positive and strongly” about the future of India-US relationship, White House Press Secretary Karoline Leavitt said.
1 min
November 06, 2025
Listen
Translate
Change font size