Mumbai, March 21 -- Bain Capital has entered into definitive agreements to acquire joint control in Manappuram Finance, through its affiliates i.e., BC Asia Investments XXV and BC Asia Investments XIV (Bain Capital) in partnership with the existing promoters who will continue to stay fully invested.

This strategic investment aims to fuel the company's next phase of growth and drive transformation by enhancing operational excellence, strengthening leadership, and expanding its presence across key segments.

As part of the transaction, Bain Capital will be investing about Rs 4,385 crore to acquire an 18% stake on a fully diluted basis via preferential allotment of equity & warrants at a price of Rs 236 per share.

The transaction will trig...