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Bain to buy 18% stake in Manappuram

Mint Hyderabad

|

March 21, 2025

Based on the open offer subscription, Bain Capital's stake post-investment will vary between 18% and 41.7%

- Anshika Kayastha & Nikita Prasad

Bain to buy 18% stake in Manappuram

US-based private investment firm Bain Capital will invest ₹4,385 crore to acquire an 18% stake and take joint control of Kerala-based non-bank lender and the country's second-largest gold financier Manappuram Finance Ltd.

PLUS D'HISTOIRES DE Mint Hyderabad

Mint Hyderabad

Ola's battery packs get certification

Ola Electric on Tuesday said it has secured ARAI (Automotive Research Association of India) certification for its indigenously developed and manufactured “4680 Bharat Cell’ battery packs in a 5.2kWh configuration.

time to read

1 min

October 29, 2025

Mint Hyderabad

Microsoft deal values OpenAI at $500 billion

Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.

time to read

1 min

October 29, 2025

Mint Hyderabad

Oil India eyes stake in BPCL's refinery in AP

State-run Bharat Petroleum Corp. Ltd (BPCL) is exploring a plan to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd (OIL).

time to read

1 min

October 29, 2025

Mint Hyderabad

Skyroot readies India's maiden private rocket launch in January

Three years after India opened up its space sector to private companies, Hyderabad-based Skyroot Aerospace will conduct its first commercial satellite launch in January, becoming the only Indian entity other than Indian Space Research Organisation (Isro) to accomplish the feat.

time to read

1 min

October 29, 2025

Mint Hyderabad

Blume Ventures eyes $275 mn fund

Blume Ventures, the 15-year-old venture capital company, has made the first close of its fifth fund at $175 million and is on track to complete a final close of up to $275 million by early 2026, according to a top official.

time to read

1 min

October 29, 2025

Mint Hyderabad

Mint Hyderabad

Apple becomes third stock in history to top $4 trillion in value

Apple Inc. shares rose as much 0.4% to hit $4 trillion in market value, making the iPhone maker only the third public company in history to reach the milestone.

time to read

1 mins

October 29, 2025

Mint Hyderabad

Mint Hyderabad

Skyroot readies India's maiden pvt satellite launch by January

to a different set of clients that will approach the government consortium for space launches. But on the private front, it will be a question of which launch provider has the more superior, more reliable technology,\" Chandana said.

time to read

1 min

October 29, 2025

Mint Hyderabad

Mint Hyderabad

DoT to roll out caller ID feature for 4G, 5G

Nationwide trials of CNAP have been completed; 2G users to be left out

time to read

2 mins

October 29, 2025

Mint Hyderabad

Mint Hyderabad

Credit card UPI lifts RuPay volume mkt share to 38%

Homegrown credit card network RuPay has quietly wrestled market share from Visa, MasterCard and American Express, leveraging its exclusive access to India's fast payments network Unified Payments Interface or UPI.

time to read

1 mins

October 29, 2025

Mint Hyderabad

Mint Hyderabad

Investors tempted to buy gold shouldn't expect glittery gains

Gold is not as safe an investment at this juncture as it might seem

time to read

3 mins

October 29, 2025

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