Bain to acquire approximately 22% stake from VP Nandakumar, Manappuram Finance’s founder and MD & CEO and come up with an open offer to increase stake to 42%.

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 ...

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

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

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

The Board also approved an agreement between Manappuram Finance, VP Nandakumar and Manappuram Asset Finance (MAFL) to acquire 99.917% stake in the a non-deposit taking NBFC. Manappuram's ...

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