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Bain Makes ₹4,385 Crore Move for Manappuram
Business Standard
|March 21, 2025
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.
This story is from the March 21, 2025 edition of Business Standard.
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