Manappuram Finance Limited — Updates, 20-03-2025: Press Release

Bain Capital has entered into definitive agreements to acquire joint control in Manappuram Finance, a leading non-banking financial company in India, by investing approximately INR 4,385 crore for an 18% stake through preferential allotment at INR 236 per share, reflecting a 30% premium over the six-month average price. This strategic investment aims to enhance operational excellence and strengthen the company's leadership, facilitating growth across key segments. Post-transaction, Bain Capital will trigger a mandatory open offer for an additional 26% stake. With this partnership, Bain Capital gains the right to appoint key management personnel and influence strategic decisions, while existing promoters will retain a 28.9% stake on a fully diluted basis. The expected transaction completion is by Q2-Q3 of the upcoming fiscal year, subject to necessary approvals. This collaboration positions Manappuram Finance for accelerated growth in both core and emerging financial services segments.