BUZZ-India's Manappuram Finance gains on report Bain Capital to buy controlling stake
ReutersFeb 24, 2025 5:29 AM
Shares of Manappuram Finance MNFL.NS climb as much as 3.8% to 209 rupees, last up 2.7%
Bain Capital is nearing deal worth $1 bln with top shareholders of MNFL, The Economic Times newspaper reported
Deal to acquire controlling stake in the gold loan financier, report added, citing sources
Manappuram and Bain did not immediately respond to Reuters requests for comments
Over 17.6 mln shares traded vs 30-day avg of 12.7 mln shares
MNFL rated "hold" on avg, peer Muthoot Finance MUTT.NS rated "buy" - LSEG data
Year-to-date, MNFL, MUTT up ~7%, ~4%, respectively
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