Bain Capital to acquire 18% stake in Manappuram Finance at Rs 236 per share via Rs 4,384 crore preferential issue

Shares of Manappuram Finance will be in focus tomorrow on March 21 after the company’s board approved a significant ₹4,384.94 crore preferential issue, with Bain Capital emerging as a key investor. Bain Capital, through its affiliates BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, will acquire an 18% stake in Manappuram Finance … Continue reading Bain Capital to acquire 18% stake in Manappuram Finance at Rs 236 per share via Rs 4,384 crore preferential issue