Bain Capital seeks CCI nod to acquire stake in Manappuram Finance

Bain Capital is seeking CCI approval to acquire a significant stake in Manappuram Finance through a multi-layered deal involving its affiliates. The transaction includes equity share subscriptions, warrant acquisitions, and an open offer to public shareholders. This move will trigger a mandatory open offer under SEBI’s SAST rules, alongside Manappuram Finance’s acquisition of Manappuram Asset Finance Ltd.

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