The Competition Commission of India (CCI) has approved Bain Capital’s proposed acquisition of a stake in Manappuram Finance and Manappuram Asset Finance. Bain Capital, through its affiliates, will acquire shares via private placement, warrants, and an open offer, potentially reaching an 18% stake in Manappuram Finance. This deal, valued at Rs 4,385 crore, is subject to SEBI’s SAST rules.
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CCI okays Bain Capital’s proposal to acquire stake in Manappuram Finance
