Bain Capital to Acquire 18% Stake in Manappuram Finance for ₹4,385 Crore in March 2025 Deal.

Banking & Finance

In March 2025, Bain Capital, a global private investment firm based in Boston, Massachusetts (USA), announced that it has signed definitive agreements to acquire joint control of Thrissur (Kerala)-based Non-Banking Financial Company (NBFC) Manappuram Finance Limited (MFL), which is also India’s second-largest gold loan company.


      - As per the deal, Bain Capital will acquire an 18% stake on a fully diluted basis through a preferential allotment of equity worth ₹4,385 crore and warrants at ₹236 per share.

     

     

Main Point :-   (i) Bain Capital will buy the stake through its affiliates, BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, in partnership with existing promoters, who will remain fully invested.

      (ii) The transaction will trigger a mandatory open offer for the purchase of an additional 26% stake in the company on an expanded capital basis (excluding warrants) at ₹236 per share.

(iii) Following the completion of the acquisition, the existing promoters will hold 28.9%, while Bain Capital will hold up to 41.7% stake in the company.

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