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Bain Capital to invest Rs 4,385 crore in Manappuram Finance for 18% stake: Newsbreak confirmed


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Manappuram Finance has announced a deal with Bain Capital Asia, as part of which the private equity player will invest Rs 4,385 crore into the NBFC, to acquire shares and warrants worth 18%, and will be classified as a promoter, the lender informed on March 20.

Manappuram Finance Ltd. has announced that it will issue an 18% stake to Bain Capital for an investment of Rs 4,385 crore. This strategic investment aims to bolster the company's financial position and support its growth initiatives. The deal, which has been confirmed, will see Bain Capital acquiring shares at a price that reflects a significant valuation of Manappuram Finance, highlighting the confidence of global investors in the company's business model and future prospects. This move is part of Manappuram's broader strategy to expand its operations and enhance its market presence in the financial services sector.

Read the Full Moneycontrol Article at:
[ https://www.moneycontrol.com/banking/manappuram-finance-to-issue-18-stake-to-bain-capital-for-an-investment-of-rs-4-385-crore-newsbreak-confirmed-article-12970968.html ]

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