Bain to acquire approximately 22% stake from VP Nandakumar, Manappuram Finance’s founder and MD & CEO and come up with an ...

Promoted by VP Nandakumar, who is also the MD & CEO of India’s second largest gold financier, private equity major Bain Capital is set to take majority stake in Manappuram Finance. The deal is ...

Bain Capital to acquire 18% stake in Manappuram Finance for Rs 4,385 crore, with plans for an open offer to raise ownership ...

The major reason behind the delay in deal is Asirvad Micro Finance. The RBI barred Manappuram’s microfinance subsidiary from ...

MUMBAI: The second largest pure-play gold loan player Manappuram Finance has inked a deal with Bain Capital for an equity ...

Manappuram Finance shares surge 13% after Bain Capital announces Rs 4,385-cr investment, acquiring an 18% stake and joint ...

Bain Capital will get the right to appoint a member on the board of the company as part of the deal, giving it joint control ...

The deal also leads to an open offer by the private equity major for an additional 26% reducing the promoters' -- VP Nandakumar and family -- stake to below 30%. Following the fund infusion of Rs ...

Under the agreement, Bain Capital will invest about Rs 4,385 crore to buy an 18 per cent stake in Manappuram Finance.

Private equity firm Bain Capital has agreed to acquire joint control of Manappuram Finance Ltd, a Kerala-based ...