Manappuram Finance shares are in focus after the RBI granted final approval for Bain Capital affiliates to acquire up to 41.66% stake. Bain Capital will invest approximately Rs 4,385 crore, initially acquiring 18% and triggering a mandatory open offer for an additional 26% stake. This partnership aims to accelerate growth and strengthen investments in technology and risk management.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets