Debasis Mohapatra
Bengaluru, 26 March
Bain Capital has said that the company’s open offer would open on April 6 to purchase a 26% stake in leading NBFC, Manappuram Finance from public shareholders.
The open offer, which will open on April 6, will close on April 20, 2026. The US private equity major is offering Rs 236 per share, and an additional Rs 12.29 apiece as per regulatory requirement for purchasing shares from public shareholders.
The company acquired 18% stake in the Kerala-based non-banking lender for Rs 4,385 crore earlier. This acquisition has triggered the mandate for an open offer.
If the open offer goes through, stake of Bain Capital will increase to 41.66% in Manappuram Finance.
The acquisition is being done through Bain’s affiliates BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.
The share price of Manappuram Finance closed Rs 261.35 on Wednesday in NSE.
