Archive · 23 Sep 2025
SEBI Approves Open Offer for Manappuram Finance Stake
Bain Capital wants to buy more shares of Manappuram Finance, a financial company.
The company has already invested in Manappuram Finance and now is trying to buy 26% more shares.
The government has given them the go-ahead but they still need final approval.
People who sell their shares will be paid within 10 days after the deal closes.
If there's a delay in payment, shareholders will get extra interest.
This offer comes after Bain Capital bought a big chunk of Manappuram Finance earlier this year, which triggered this open offer.
SEBI has approved the open offer from BC Asia Investments XXV Limited (Bain Capital).
The offer is for 26% of Manappuram Finance's shares.
RBI approval is still pending for Manappuram Finance and its subsidiaries.
Shareholders will be paid within 10 working days after the offer period closes.
Bain Capital invested ₹4,385 crore for an 18% stake in March 2025, triggering the offer.
- Who
- Bain Capital, Kotak Mahindra Capital Company, Manappuram Finance.
- What
- SEBI approved an open offer for a 26% stake in Manappuram Finance, led by Bain Capital.
- When
- SEBI issued the observation letter on September 12, 2025. The tendering period will start after RBI approval.
- Where
- N/A
- Why
- To acquire an additional stake following Bain Capital's prior investment in Manappuram Finance.
- Offer Initiator
- BC Asia Investments XXV Limited (Bain Capital)
- Stake Offered
- 26% of Manappuram Finance
- Shares Offered
- 24,42,27,387 equity shares
- Offer Price
- ₹236 per share
- SEBI Approval Date
- September 12, 2025
- Pending Approval
- RBI clearance
- Bain Capital Investment (March 2025)
- ₹4,385 crore for 18% stake
- Manappuram Finance Stock Performance
- Up 43% in 1 year, 25% in 6 months, and 10% in 1 month.