Denemek ALTIN - Özgür
Manappuram sells 18% to Bain for ₹4,385 cr
The New Indian Express Tirunelveli
|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.
Bu hikaye The New Indian Express Tirunelveli dergisinin March 21, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The New Indian Express Tirunelveli'den DAHA FAZLA HİKAYE
The New Indian Express Tirunelveli
'Global stability pillar': £350 mn missile deal part of deepening ties with the UK
INDIA and the UK on Thursday cemented a new phase in their evolving relationship, unveiling a wide-ranging set of agreements across trade, defence, education and technology, as prime ministers Narendra Modi and Keir Starmer expressed a strong commitment to build on the momentum of the Comprehensive Economic and Trade Agreement (CETA) signed in July and highlighted a deepening strategic alignment amid shifting global power dynamics.
1 min
October 10, 2025
The New Indian Express Tirunelveli
Full freedom to forces against terror in J&K: Shah
UNION Home Minister Amit Shah on Thursday chaired a high-level meeting to assess the security situation in Jammu and Kashmir and reiterated the government’s commitment toa terrorism-free region.
1 mins
October 10, 2025
The New Indian Express Tirunelveli
PM calls Trump, hails Gaza truce, discusses trade
PRIME Minister Narendra Modi on Thursday held a phone conversation US President Donald Trump, congratulating him on the announcement of the Gaza ceasefire deal and reviewing the status of bilateral trade negotiations.
1 mins
October 10, 2025
The New Indian Express Tirunelveli
CM to address panchayats using optical fibre network
TAMIL Nadu’s rural broadband push is set to get a high-profile spotlight next week with Chief Minister MK Stalin scheduled to address thousands of village assemblies through a statewide optical fibre network.
1 min
October 10, 2025
The New Indian Express Tirunelveli
NTA may allot exam centres based on Aadhaar to curb malpractices
FROM the coming academic year, candidates aspiring to take up the competitive exams conducted by the National Testing Agency are likely to be allotted centres based on the Address in their Aadhaar card.
1 mins
October 10, 2025
The New Indian Express Tirunelveli
Prime accused in Armstrong murder case dies at GH
P Nagendran, a life convict who was named as the prime accused in the murder of former Bahujan Samaj Party (BSP) TN president K Armstrong, died at Government Stanley Hospital in Chennai on Thursday.
1 min
October 10, 2025
The New Indian Express Tirunelveli
SC directs legal help to the 3.66 lakh SIR exclusions
THE Supreme Court on Thursday asked the Bihar State Legal Service Authority (BSLSA) to issue directions to its district-level bodies for assisting 3.66 lakh voters excluded from the final electoral rolls in filing appeals with the Election Commission.
1 min
October 10, 2025
The New Indian Express Tirunelveli
LG IPO breaks record, booked 54 times; gets bids worth ₹4.43 lakh cr
LG Electronics India has recorded one of the highest subscriptions ever for a large Indian IPO (₹10,000 crore and above), with its initial share sale oversubscribed 54 times.
1 mins
October 10, 2025
The New Indian Express Tirunelveli
Court relieves retired judge serving as interim admin of Siddha hosp for 19 years
HOLDING that the long continuance of interim administrators of societies or institutions would offend the spirit of democracy, the Madras High Court has directed a retired judge of the court to relinquish the duties of administering a Siddha hospital after 19 years.
1 min
October 10, 2025
The New Indian Express Tirunelveli
Literature Nobel for master of the ‘long-form’
LASZLO Krasznahorkai, a Hungarian novelist known for protracted sentences — some of which run into hundreds of pages — and whom a fellow writer termed “master of the apocalypse”, was awarded the Nobel Prize for literature on Thursday.
1 min
October 10, 2025
Listen
Translate
Change font size