New Delhi, March 21 -- Manappuram Finance's share price jumped over 5 per cent in morning trade on BSE on Friday, March 21, a day after the company said Bain Capital would invest Rs.4,385 crores to acquire an 18 per cent stake and take joint control of the company. Manappuram Finance share price opened at Rs.226.50 against its previous close of Rs.217.50 and jumped over 5 per cent to the level of Rs.228.60, slightly below its 52-week high level of Rs.230.25 hit on July 19 last year. The non-banking financial company (NBFC) stock, however, pared gains and traded 2.23 per cent higher at Rs.222.35 around 9:45 AM.

US-based private investment firm Bain Capital will invest Rs.4,385 crore to acquire an 18 per cent stake and take joint control o...