India's Manappuram Finance hits record high as Bain Capital buys stake
ReutersMar 21, 2025 6:28 AM
Shares of Manappuram Finance MNFL.NS rise as much as 6.2% to a record high of 231 rupees
The gold loan provider said on Thursday Bain Capital will acquire an 18% stake in co at a premium to MNFL's last close
The asset manager will subscribe to MNFL's shares and warrants at a 30% premium over its six-month average trading price and ~9% premium to its last close
MNFL among top gainers on Nifty SmallCap 100 index .NIFSMCP100, which is up 0.61%
Nearly 72 mln shares change hands, 4.4x its 30-day avg
13 analysts covering the stock on avg have a "hold" rating; median PT is 205 rupees - LSEG data
Stock up 15% so far this year vs a 14% drop in NIFSMCP100
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.TradingKey
11 hours ago
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
11 hours ago
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
