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News Topical, Digital Desk : Investors will be watching Manappuram Finance shares on Monday, February 16, as the company has received final approval from the Reserve Bank of India (RBI) for its proposed stake purchase. Under this approval, Bain Capital could acquire up to 41.66 percent stake and control in the company. Following this investment, Bain Capital will be included in the promoter category of Manappuram Finance and will assume joint control of the gold loan company.
The RBI has imposed two conditions
on this approval. The proposed investors must first obtain RBI approval to acquire more than a 26 percent stake after one year. Furthermore, the investors must submit a plan of action in accordance with RBI regulations to ensure that their group does not hold majority control in more than one NBFC or housing finance company.
The agreement was signed in March 2025
The final agreements for this transaction were signed in March 2025. Bain Capital has committed to invest approximately ₹4,385 crore (approximately $1.8 billion) to acquire an 18% stake in the company by issuing equity shares on a preferential basis at ₹236 per share. This investment will be made through Bain Capital's subsidiaries, BC Asia Investments XXV and BC Asia Investments XIV. The transaction will also include a mandatory open offer from public shareholders to acquire an additional 26% stake at ₹236 per share. Bain Capital's
shareholding after the investment
is expected to range between 18% and 41.7% on a fully diluted basis, while the existing promoter group may retain approximately 28.9%. Manappuram Finance engages in gold mortgage lending and has a loan book of approximately ₹31,500 crore (approximately $3.1 billion), primarily focused on the rapidly growing gold loan segment. Talking about Manappuram Finance
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Price, on Friday the company's shares fell by 2.11 percent to close at Rs 302.15. So far in the year 2026, this share has fallen by about 4 percent. In the last 5 days, it has fallen by 0.15 percent and in 1 month by 3.77 percent. Whereas in the last 6 months, the share has increased by 13.16 percent.
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