Manappuram Finance secures RBI approval for Bain Capital stake
after close1 source ↓written by the desknot a recommendation
- of its equity
- 41.66%
- investment of approximately
- ₹4,385 cr
- via preferential allotment
- 18% stake
- preferential allotment
- ₹236 per share
- from public shareholders
- 26% stake
Manappuram Finance has received RBI approval for Bain Capital's acquisition of up to 41.66% of its equity capital. The deal involves an investment of approximately ₹4,385 cr for an 18% stake via preferential allotment at ₹236 per share. This transaction also triggers a mandatory open offer for an additional 26% stake from public shareholders.
Not investment advice. For informational purposes only.