CCI Clears Bain Capital's Strategic Stake in Manappuram Finance

The Competition Commission of India (CCI) has greenlit Bain Capital's move to acquire a significant stake in Manappuram Finance.

This acquisition is orchestrated via Bain's affiliates, BC Asia Investments XXV and BC Asia Investments XIV, and will proceed through multiple phases involving the subscription of equity shares and warrants.

In a parallel development, CCI also okayed the acquisition of Manappuram Asset Finance Ltd. This strategic initiative by Bain Capital underscores its growing influence in the finance sector.

(With inputs from agencies.)