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US investor Bain to buy 18% in Manappuram Finance for Rs 4.4k crore

Times of India LogoTimes of India2d ago

US investor Bain to buy 18% in Manappuram Finance for Rs 4.4k crore - Times of India

Quick Summary:

India Business News: MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance - India's second-.

Founded in 1949, Manappuram Finance has built an extensive network of 5,357 branches with 50,795 employees, serving 6.6 million customers.

In 2022, Bain Capital had acquired 25% stake in 360 One (formerly IIFL Wealth Management) for Rs 3,680 crore.

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US investor Bain to buy 18% in Manappuram Finance for Rs 4.4k crore - Times of India (Picture 1)

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 08:49:17 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27205294

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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  • URL: https://chronographically.beamstart.com/news/us-investor-bain-to-buy-17425196538713

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