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Home/Basics of Stock Market/Stocks/Market Insights/Manappuram Finance Share Price Rises Following Investment Announcement

Manappuram Finance Share Price Rises Following Investment Announcement

Created March 21, 2025
Author Bhumish Seth
Category Market Insights, Stocks
Reading Time: < 1 minutes

Market Performance

Manappuram Finance's share price increased by over 5% during morning trading on March 21 following the announcement of a significant investment. The stock opened at ₹226.50, reaching ₹228.60, before retracting to ₹222.35 at 9:45 AM. This movement positioned the stock close to its 52-week high of ₹230.25, recorded on July 19 of the previous year.

Investment Announcement

A US-based private investment firm, Bain Capital, has announced a ₹4,385 crore investment in Manappuram Finance. This investment corresponds to an 18% stake acquisition in the company. As part of the agreement, Bain Capital will acquire a total stake of 26% in the Kerala-based non-banking financial company (NBFC).

An open offer has been initiated for the acquisition of up to 24,42,27,387 fully paid-up equity shares, each valued at ₹2, representing 26% of Manappuram Finance's expanded voting share capital. The offer price is set at ₹236 per share.

Company Performance and Stock Movement

Manappuram Finance's stock has been on an upward trend for the last 12 trading sessions. As of March 21, it had increased by 21% in 2025, outperforming general market conditions.

The stock reached a 52-week low of ₹138.40 on October 23, reflecting an overall gain of 65% from this low point.

Summary

The recent surge in Manappuram Finance's stock price follows Bain Capital's announcement of a significant investment, which includes an open offer at ₹236 per share. The stock has been on a strong upward trajectory in 2025, reflecting positive sentiment. However, it remains close to key resistance levels, which could influence future price movements.

Tagged: Manappuram Finance Limited

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