Manappuram Finance Responds to $1 Billion Bain Capital Deal Reports

Manappuram Finance has responded to recent media reports suggesting a potential $1 billion deal with Bain Capital, stating that there is currently no material information that requires disclosure under SEBI’s Listing Regulations.

In a letter submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on February 24, 2025, the company clarified that it continuously explores various strategic and growth opportunities but has no updates that necessitate disclosure at this time.

Company Issues Clarification to Stock Exchanges 

“We have taken note of the captioned news item and confirm that currently there is no information which requires disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’). As a general matter, the Company, as part of its business strategy, explores various strategic/growth opportunities in the best interest of its stakeholders, from time to time,” Manappuram Finance stated.

The company also emphasised that any undisclosed events have not influenced the recent movement in its stock price. It assured stakeholders that all significant developments are promptly reported to the stock exchanges as per regulatory requirements.

“The Company has promptly intimated the stock exchanges regarding all events and disclosed all information that has a bearing on the operations/performance of the Company, in accordance with Regulation 30 of the Listing Regulations as and when required, and will continue to do so in accordance with applicable law,” the company added.

Q3FY25 Financial Performance

Manappuram Finance reported a net profit of ₹453.4 crore for the third quarter of the financial year 2024-25 (Q3FY25), reflecting a 5.8% increase from ₹428.6 crore in the same quarter last year.

The company’s net interest income (NII) grew more strongly by 13.7% year-on-year (YoY), reaching ₹1,160.9 crore compared to ₹1,021.2 crore in Q3FY24. The rise in NII indicates robust lending activity and improved interest spreads, reinforcing the company’s strong financial performance.

Stocks Performance 

On February 24, 2025, Manappuram Finance share price ended 1.62% higher at ₹204.10. Manappuram Finance’s share price reached a 52-week high of ₹230.25, and a 52-week low of ₹138.40. As per BSE, the total traded volume for the stock stood at 10.70 lakh shares with a turnover of ₹22.02 crore.

At the current price, Manappuram Finance shares are trading at a price-to-earnings (P/E) ratio of 9.61x, based on its trailing 12-month earnings per share (EPS) of ₹21.23, and a price-to-book (P/B) ratio of 1.55, according to exchange data.

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