Prøve GULL - Gratis
Manappuram sells 18% to Bain for ₹4,385 cr
The New Indian Express Shivamogga
|March 21, 2025
THE second largest pure-play gold loan player Manappuram Finance has inked a deal with Bain Capital, under which the latter will acquire 18% in the Thrissur, Kerala-based company for ₹4,385 crore.
The deal also leads to an open offer by the private equity major for an additional 26%, reducing the current promoters—VP Nandakumar family—stake to under 30%.
Following the fund infusion of ₹4,385 crore, the investor will be classified as a joint promoter with board representation, Manappuram Finance said in an exchange filing on Thursday.
The stake will be purchased by Bain Capital Asia (through its affiliated BC Asia Investments XXV and BC Asia Investments XIV) through a preferential allotment of shares.
Denne historien er fra March 21, 2025-utgaven av The New Indian Express Shivamogga.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Shivamogga
The New Indian Express Shivamogga
BJP & Cong spar over court order in National Herald case
Political vendetta: Kharge
1 mins
December 18, 2025
The New Indian Express Shivamogga
WHEN ALL ABOARD ARE FLYING BLIND
THE IndiGo turbulence has again brought the issues of corporate governance and marquee boards into public discourse.
4 mins
December 18, 2025
The New Indian Express Shivamogga
Pak extends airspace ban for Indian planes, Delhi likely to reciprocate
AFTER closing its airspace to India's airlines in April following the Pahalgam attack, Pakistan on Wednesday extended the ban by another month till January 23.
1 min
December 18, 2025
The New Indian Express Shivamogga
Panic grips Gujarat as 19 schools get bomb threats, students and teachers safe
A wave of bomb threats sent by email jolted Gujarat on Wednesday, putting at least 19 prominent schools in Ahmedabad, Gandhinagar and Kalol on high alert.
1 min
December 18, 2025
The New Indian Express Shivamogga
WADA’S LATEST TESTING FIGURES SHAME INDIA... AGAIN
India has retained its number one spot in the global doping charts for 2024 per the World Anti-Doping Agency with as many as 260 adverse analytical findings
3 mins
December 18, 2025
The New Indian Express Shivamogga
'Excessive fog' leads to T20I abandonment
BY the time the fourth T20I between India and South Africa in Lucknow was officially called off on Wednesday, two and a half hours had passed.
2 mins
December 18, 2025
The New Indian Express Shivamogga
51 cartons of Nehru papers sent to Sonia missing, says govt
DAYS after informing the Lok Sabha that no documents related to India's first Prime Minister Jawaharlal Nehru were missing from the Prime Ministers' Museum and Library (PMML), the culture ministry on Wednesday clarified that 51 cartons of Nehru papers had been sent to Congress leader Sonia Gandhi in 2008, and were therefore not untraceable.
1 mins
December 18, 2025
The New Indian Express Shivamogga
Eternal's Goyal, Nykaa founder Nayar in Hurun India's Top 10 'self-made' list
DEEPINDER
1 mins
December 18, 2025
The New Indian Express Shivamogga
Indian-origin woman from Punjab detained in US over residency plea
‘THE Immigration and Customs Enforcement (ICE) detained Babblejit Kaur, a 60-year-old Punjabi woman, recently at a USCIS office in Long Island in the US, where she was attending a biometric scan linked to her green card application.
1 min
December 18, 2025
The New Indian Express Shivamogga
At Alpine SG Pipers, a great team comes with caveat – 3 for Candidates
AFTER the second day of the Global Chess League on Monday, just when Alpine SG Pipers’ team bus had pulled up at the hotel to drop the players off, Fabiano Caruana and Anish Giri were sitting side by side next to the door.
2 mins
December 18, 2025
Listen
Translate
Change font size