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Manappuram Finance shares jump 3% as Bain Capital set to buy 18% stake for Rs 4,385 crore


Published on 2025-03-21 06:00:52 - Moneycontrol
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  • The deal will be executed through a preferential allotment of equity shares (9.29 crore equity shares at Rs 236 per share) and warrants, after completion of which, Bain Capital will be classified as a joint promoter of the company.

Manappuram Finance's shares surged by 3% following the announcement that Bain Capital, a global private investment firm, is set to acquire an 18% stake in Asirvad Micro Finance, a subsidiary of Manappuram Finance, for Rs 4,385 crore. This deal values Asirvad at Rs 24,300 crore. The transaction involves Bain Capital purchasing shares from both Manappuram Finance and other shareholders, with Manappuram selling a 15% stake in Asirvad. The investment is aimed at supporting Asirvad's growth and expansion plans, particularly in the microfinance sector. The news led to a positive market reaction, reflecting investor confidence in the strategic partnership and the growth potential of Asirvad Micro Finance.

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