Bain Capital seeks CCI nod to acquire stake in Manappuram Finance

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Bain Capital seeks CCI nod to acquire stake in Manappuram Finance - Business Standard

Quick Summary:

According to the proposed deal, Bain Capital through its two affiliates -- BC Asia Investments XXV and BC Asia Investments XIV -- will acquire stakes in Manappuram Finance Ltd (MFL).

The proposed transaction involves four phases, where BC Asia Investments XXV will subscribe to 9.29 crore fully paid-up equity shares of MFL through private placement and preferential allotment.

Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal.