Shares of India's Manappuram Finance rise after Bain announces $508m stake buy

Shares of India's Manappuram Finance rise after Bain announces $508m stake buy

Photo: Reuters

Shares of India’s Manappuram Finance jumped 6% on Friday after analysts said that Bain Capital’s plans to buy an 18% stake and jointly control the gold loan provider will help ease its management succession plans.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter