The buying on the counter came after Bain Capital launched an open offer to buy up to 26 per cent stake in Manappuram Finance from public shareholders at ₹236 per share
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
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Lender secures approvals for ₹4,385 crore investment, with Bain Capital set to acquire stake and become joint promoter alongside existing shareholders
The Reserve Bank of India has imposed a Rs 2.7 lakh penalty on Manappuram Finance for violating guidelines on compensation of key managerial personnel following a statutory inspection
Manappuram Finance CEO Deepak Reddy has gone on medical leave for up to 120 days, even as Bain Capital prepares to assume promoter status and secure rights to nominate key executives
The NSE to levy 15% additional margin on equity derivatives in which top 10 clients account for more than 20% MWPL from March F&O series onwards; withdraws additional margin on Gold, Silver futures.
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Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition up to 41.66 per cent of the company's paid-up equity capital / convertible instruments by affiliates of Bain Capital-- BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd. The RBI approval, communicated on February 13, 2026, is in connection with the definitive agreements executed on March 20, 2025, under which Bain Capital committed to invest approximately Rs 4,385 crore to acquire an 18 per cent stake on a fully diluted basis through preferential allotment of equity shares and warrants at a price of Rs 236 per share, Manappuram Finance said in a statement. The transaction also triggers a mandatory open offer for the purchase of an additional 26 per cent stake from public shareholders at Rs 236 per share, in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it said. With this ...
Shares of gold-loan financers' wilted under selling pressure in Sunday's Budget day special trading session as Gold, Silver prices retreated sharply from record high levels.
Manapuuram Finance's consolidated asset under management (AUM) grew 18.1 per cent to ₹522 billon in Q3FY26 against ₹442 billion in the year-ago quarter
Bain received approval for the Manappuram deal, which was announced last March, from India's market regulator and the competition commission but the RBI is the final authority for the clearance
Manappuram Finance has denied media reports suggesting likely delay in its proposed transaction with Bain Capital, terming such reports as factually incorrect.
From a technical standpoint, the Nifty has once again approached the upper end of its prevailing consolidation range near 26,200
Kunal Kamble of Bonanza recommends buying Manappuram Finance, Indus Towers and Nuvama Wealth; here's why
Thus far in the calendar year 2025, Muthoot Finance zoomed 82%, while Manappuram Finance soared 65%. In comparison, the BSE Sensex rose 9%.
Ajanta Pharma, JBMA Auto and Manappuram Finance have seen strong price action backed by heavy trading volume in Wednesday's trading session.
Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of HDFC Life Insurance, Ujjivan Small Finance Bank and Manappuram Finance today
Shares of gold-loan providers Muthoot Finance and Manappuram Finance trade at key supports on the charts; face over 11% downside risk. Also check outlook on Titan and other jewellery-related stocks.
Muthoot Finance shares have risen 47 per cent so far this year, while Manappuram Finance was up 48 per cent