Bain Capital to acquire 26% stake in Manappuram Finance; shares surge

• Global investor Bain Capital launches open offer to acquire 26% stake in Manappuram Finance.
• The open offer for 24.42 crore shares is priced at ₹236 per share, running from April 6 to April 20, 2026.
• Manappuram Finance shares surged to ₹269.35 on March 25, 2026, from a previous close of ₹252.65.
• Investors anticipate Bain Capital's entry will boost growth, governance, and provide capital and expertise.
• Despite the open offer price being lower than the current market price, the investment is seen as crucial for expansion.