US Investment Firm Bain Capital to Acquire Stake in Manappuram Finance
March 21, 2025 - 12:25
India Business News: MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance, which is recognized as India's second-largest gold loan company. The deal, valued at approximately Rs 4,400 crore, marks a significant investment in the Indian financial services sector.
This acquisition is expected to enhance Manappuram's growth trajectory, providing it with additional resources and expertise to expand its operations. Bain Capital’s involvement is anticipated to bring in strategic insights that could further strengthen Manappuram's position in the competitive market of gold financing.
Manappuram Finance has established itself as a trusted name in the industry, offering a range of financial products and services. The investment from Bain Capital is likely to accelerate its plans for innovation and expansion, ultimately benefiting its customers and stakeholders. As the financial landscape in India continues to evolve, this partnership is poised to play a pivotal role in shaping the future of Manappuram Finance.
MORE NEWS
September 16, 2026 - 00:55
Warren Calls for Probe Into Crypto Firm With Trump TiesSenator Elizabeth Warren is pressing federal regulators to open an investigation into a cryptocurrency venture connected to President Donald Trump, arguing that the arrangement raises serious...
September 15, 2026 - 03:36
Veteran Debt Finance Expert Joins Foley HoagAnna Dodson has joined Foley Hoag`s Boston office, stepping into the role of co-chair of the debt finance practice. With a wealth of experience in the field, Dodson`s arrival is expected to bolster...
September 14, 2026 - 04:45
Intuit Targets New Customers, AI Growth as QuickBooks and TurboTax Bets ScaleIntuit is placing a sharper focus on bringing in first-time customers while it continues to grow its largest business lines, according to comments made by Chief Financial Officer Sandeep Singh...
September 13, 2026 - 08:33
$10,000 in Tesla When It Joined the S&P 500 Would Be About $15,700 Today. An Index Fund Would Have Done Better.When Tesla joined the S&P 500 in December 2020, index funds were forced to buy the stock at a record price of $695 a share. Investors who put $10,000 into Tesla at that moment would have roughly...