Tag Archives: NBFC

MUMBAI: US investment firm Bain Capital has signed definitive agreements to acquire joint control in Kerala-based Manappuram Finance – India’s second-largest gold loan company.Bain Capital will invest around Rs 4,385 crore for an 18% stake through a preferential allotment of equity and warrants at Rs 236 per share, reflecting a 30% premium over the six-month average trading price.The deal, the …

MUMBAI: The board of Tata Capital, which is preparing for an initial public offering (IPO), will meet on Tuesday to discuss a potential fund-raise through a rights issue. The Reserve Bank of India has classified Tata Capital as an upper-layer non-banking financial services company (NBFC) and has directed the firm to list its shares by September. Tata Sons, which has …