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RBI raised objection to the deal of Manappuram Finance and Bain Capital. (symbolic photo)
highlights
- Manappuram Finance shares have given a return of 59.15 percent in one year.
- Whereas this return during 3 years has been 134.11 percent.
- Apart from this, the company’s 5 year return has been 63.40 percent.
Considering selling stake in Tiger Capital
Bain, which had announced its proposed investment in the gold loan firm last March, is considering selling stake in a smaller firm, Tiger Capital, in a phased manner to address RBI concerns, Reuters quoted sources as saying. The sources were not authorized to speak to the media and declined to be identified.
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Ben declined to comment.
The deal was announced last March
It had received approval from India’s market regulator and Competition Commission for the Manappuram deal, which was announced last March, but the RBI is the final authority to approve the purchase of any major stake in banks and non-bank lenders. Manappuram, which provides loans against gold, did not respond to a request for comment. The RBI also did not respond to a request for comment, while Tiger declined to comment.
Investment plan of Rs 4400 crore
Under the proposed deal, Bain will buy 18% of Manappuram for about Rs 4,400 crore ($488 million), after which it will launch an open offer for an additional 26%. This would make Bain one of two controlling shareholders with the power to influence management decisions.
The investment will be made through its two funds, BC Asia Investments XXV and BC Asia Investments XIV. Bain owns 93% of non-bank lender Tiger Capital, formerly Adani Capital, which it acquired after buying shares from the Adani family in 2023. This investment is with Bain Capital Special Situations Fund.
According to one of the sources, Bain has argued that the investments are being made through different funds and teams, but this argument is unlikely to sway the RBI. Manappuram has a loan book of Rs 315 billion ($3.5 billion), focusing on fast-growing gold loans. Tiger has a small asset base of Rs 73.2 billion, which includes business, agri and home loans.
Manappuram Finance Share Price Movement
Manappuram Finance shares are trading heavily at Rs 286.60 on BSE today. While the minimum level of the company’s shares during a year was Rs 169.10, the maximum level was Rs 320.95. At this rate the company market cap is Rs 24,195.34 crore.
Manappuram Finance Share Returns
Manappuram Finance shares have given a return of 59.15 percent in one year. Whereas this return during 3 years has been 134.11 percent. Apart from this, the company’s 5 year return has been 63.40 percent.
Manappuram Finance Dividend History
Manappuram Finance is continuously paying good dividends. The company had paid a dividend of Rs 0.50 per share on 7 November 2025. Also on August 14, 2025, a dividend of Rs 0.50 per share was given. Before this, a dividend of Rs 0.50 per share was given on May 15, 2025.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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