• Notification Date: 21-03-2025
• Notification No: N/A

Bain Capital to Buy 18.6% Manappuram Finance Stake, with Eye on Joint Ownership

The acquisition will happen through a primary infusion and a secondary sale of shares from the existing promoter family, headed by VP Nandakumar, Managing Director and CEO of Manappuram Finance. Nandakumar and his family own 34.73% of the non-banking finance company (NBFC).

This strategic investment also includes a mandatory open offer, which would increase Bain Capital's total holding to 41.7%, and could turn it into a co-owner of the Kerala-based shadow lender. The transaction awaits regulatory approvals and is expected to boost Manappuram's market leadership and propel its expansion in the highly competitive segment of gold loans.

Bain Capital's entry into the gold loan segment is a testament to the growing demand for gold-backed credit in India. Manappuram Finance has built a reputation for quick and easy gold loans, which has established a reputation of trust among Indian borrowers.

With the backing of Bain Capital, Manappuram Finance is set to reap a golden future, driving new growth and actualizing more opportunities in the Indian financial landscape.