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

Banking & Finance | Dated: 24 Mar 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Which company did Bain Capital recently announce it will acquire an 18% stake in?

Correct Answer: Manappuram Finance

🚀 Quick Recap: