Home / Business and Economy / RBI OKs Bain Capital's Major Stake in Manappuram
RBI OKs Bain Capital's Major Stake in Manappuram
15 Feb
Summary
- RBI granted final approval for Bain Capital's stake acquisition.
- Bain Capital will become a joint promoter with existing promoters.
- The deal involves an investment of approximately ₹4,385 crore.
The Reserve Bank of India (RBI) has issued its final approval for Bain Capital to acquire a substantial stake in Manappuram Finance. This regulatory green light permits Bain Capital to obtain up to a 41.66% shareholding in the company's paid-up equity capital and convertible instruments.
Bain Capital, through its affiliates, committed in March 2025 to invest around ₹4,385 crore. This investment includes acquiring an 18% stake at ₹236 per share, along with a mandatory open offer for an additional 26% from public shareholders at the same price. Post-investment, Bain Capital's stake will range between 18% and 41.7% on a fully diluted basis.
With this development, Bain Capital will be recognized as a promoter and will jointly control the gold loan NBFC with the current promoters. Manappuram Finance anticipates this partnership will accelerate growth, enhance technology and risk management, and foster a professionally managed organization. The board composition will be adjusted to include nominee directors from Bain Capital as per the agreement.
