Manappuram Finance shares rise 7% on Bain Capital open offer
after close1 source ↓written by the desknot a recommendation
- as Bain Capital's
- 7%
- begins
- 26% open offer
- and runs
- 6 April
- and runs
- 20 April
- purchasing
- 24.42 crore shares
Shares of Manappuram Finance surged 7% as Bain Capital's 26% open offer begins on 6 April and runs until 20 April. The offer involves purchasing up to 24.42 crore shares at ₹236 each, following RBI approvals for Bain's indirect control of the company. This acquisition is valued at ₹4,385 cr and marks a significant move for Bain in the Indian finance sector.
Not investment advice. For informational purposes only.