Manappuram Finance Ltd

Fund-raising program includes issuance of redeemable non-convertible debentures (NCDs) up to an overall limit of Rs 5,500 crore by way of private placement or public issue in one or more tranches. The board of directors or its committee thereof will decide whether the proposed issue shall be listed or not unlisted. Founded in 1949, Manappuram Finance is a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India. It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance and SME lending, establishing itself as a diversified financial services provider. On a consolidated basis, Manappuram Finance's net profit fell 50.76% to Rs 282.06 crore on 10.14% increase in total income to Rs 2,562.63 crore in Q3 December 2024 over Q3 December 2023. The counter shed 0.06% to end at Rs 232.55 on Friday, 28 March 2025. The stock market will remain closed today in observance of Eid-ul-Fitr.Powered by Capital Market - Live

The Board of Manappuram Finance at its meeting held on 29 March 2025 has approved fund-raising program of the Company for FY 2025-26, which inter-alia includes issuance of Redeemable Non-Convertible Debentures up to an overall limit of Rs. 5500 crore by way of private placement or/and public issue in one or more tranches. Powered by Capital Market - Live

Manappuram Finance will hold a meeting of the Board of Directors of the Company on 29 March 2025.Powered by Capital Market - Live

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 trigger a mandatory open offer for the purchase of another 26% stake in the company on an expanded capital basis (excluding warrants). The open offer price has been fixed at Rs 236 per share. Based on the open offer subscription, Bain Capital's stake post the investment will vary between 18% to 41.7% on a fully diluted basis (including shares to be issued pursuant to exercise of warrants). Existing Promoters will hold a 28.9% stake in the company post the investment on a fully diluted basis (including shares to be issued pursuant to exercise of warrants). Transaction is expected to close by Q2-Q3 of next fiscal subject to receipt of necessary approvals. Bain Capital will be classified as promoter of company post investment and will jointly control company with existing promoters. Founded in 1949, Manappuram Finance is a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India. It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance and SME lending, establishing itself as a diversified financial services provider. On a consolidated basis, Manappuram Finance's net profit fell 50.76% to Rs 282.06 crore on 10.14% increase in total income to Rs 2,562.63 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Manappuram Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 April 2025.Powered by Capital Market - Live

Manappuram Finance will hold a meeting of the Board of Directors of the Company on 20 March 2025.Powered by Capital Market - Live

The company will raise funds through issuance of one or more instrument or securities including equity shares, warrants or other securities convertible into equity shares or debt securities by way of preferential issue on a private placement basis, qualified institutional placement, rights issue or any other methods or combinations thereof as may be considered appropriate, subject to such regulatory or statutory approvals. The board would also consider convening an extra-ordinary general meeting to seek approval of the members of the company in respect of the aforesaid proposal of fund raising, as may be required. Manappuram Finance, a leading Indian NBFC, offers a wide range of financial products including gold loans (online, doorstep, instant), forex and money transfer, vehicle loans, personal loans (digital and secured), business loans, micro home finance, two-wheeler finance, and specialized loans for the healthcare, small-scale industrial, restaurant, and food industries. On a consolidated basis, Manappuram Finance's net profit fell 50.76% to Rs 282.06 crore on 10.14% increase in total income to Rs 2,562.63 crore in Q3 December 2024 over Q3 December 2023. The counter rose 0.77% to end at Rs 209.65 on Monday, 17 March 2025.Powered by Capital Market - Live

According to these reports, the deal would involve Manappuram's promoter group, led by managing director and CEO V.P. Nandakumar, selling a substantial portion of its 35.25% holding to Bain Capital. The media reports suggest that if the deal materializes, Bain Capital may subsequently launch a voluntary open offer to acquire an additional 26% stake in Manappuram Finance. Following the surge in share price and media attention, the stock exchanges sought clarification from Manappuram Finance. In response, the company acknowledged the media reports but clarified that, as of now, there are no developments requiring regulatory disclosure. Manappuram Finance emphasized its ongoing exploration of strategic and growth opportunities in the best interests of its stakeholders. Manappuram Finance, a leading Indian NBFC, offers a wide range of financial products including gold loans (online, doorstep, instant), forex and money transfer, vehicle loans, personal loans (digital and secured), business loans, micro home finance, two-wheeler finance, and specialized loans for the healthcare, small-scale industrial, restaurant, and food industries. On a consolidated basis, Manappuram Finance's net profit fell 50.76% to Rs 282.06 crore on 10.14% increase in total income to Rs 2,562.63 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Net profit of Manappuram Finance declined 50.76% to Rs 282.06 crore in the quarter ended December 2024 as against Rs 572.87 crore during the previous quarter ended December 2023. Sales rose 10.85% to Rs 2559.72 crore in the quarter ended December 2024 as against Rs 2309.10 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2559.722309.10 11 OPM %53.4868.42 - PBDT446.53848.88 -47 PBT376.06786.43 -52 NP282.06572.87 -51 Powered by Capital Market - Live

Manappuram Finance announced that the Board of Directors of the Company at its meeting held on 13 February 2025, has recommended a Interim dividend of Rs.1 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live