MANAPPURAM

Bain Capital Nears $1 Billion Stake Acquisition

Bain Capital is in final talks to acquire a significant portion of the promoter stake in Manappuram Finance, potentially up to 46% of the expanded equity capital. The deal involves a preferential allotment and secondary share sale, followed by an open offer. The transaction could be worth Rs 9,000-10,000 crore, with share prices expected around Rs 237-240.