Latest Updates Around The World
Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition of up to 41.66 per cent of the company’s paid-up share capital/convertible instruments by subsidiaries of Bain Capital – BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.The RBI’s […]
Manappuram Finance said necessary documents, including responses to clarifications sought by the Reserve Bank of India (RBI), on its application for change of control in the company in respect of the proposed investment by Bain Capital through its subsidiaries – BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd – have been submitted […]
Global private investment firm Bain Capital’s proposal to acquire a majority stake in Kerala-based gold loan financier Manappuram Finance has hit a regulatory hurdle, sources say. “The Reserve Bank of India (RBI) does not approve of one investor having a majority stake in two lenders and Bain Capital acquired a 90 per cent majority stake […]
Co-Living Space Provider Colive has set up a USD 100 million platform in collaboration with Bain Capital and Realty Firm Sattva Group to develop rental properties. In a statement, the company said it formed a partnership with Bain Capital and Sattva Group to set up a Pan-India Co-Living Real Estate Platform with a first obligation […]
