Manappuram Finance shares rose 3.20% to trade at ₹163.04 on NSE as of 11:55 am, following reports that Bain Capital is in talks to acquire a controlling stake in the company, according to The Economic Times. Bain Capital’s interest in the Indian gold loan sector has reportedly led to discussions with Manappuram’s promoter group, as the founding family contemplates a partial or complete exit.
Facing regulatory challenges and mixed results from diversification, Manappuram Finance, a key player in gold loans, may undergo strategic shifts. However, Managing Director and CEO VP Nandakumar, who holds a 35.25% stake along with his family, has denied any immediate plans to divest. The ongoing talks with Bain Capital suggest potential developments, though final decisions are pending.
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