Manappuram Finance Share Price Jumps 12% in 2 Days After Bain Capital Deal; Stock Nears ₹321 52-Week High

Manappuram Finance share price (NSE: MANAPPURAM) rose sharply in a weak market, climbing about 12% in the last 2 trading sessions. The stock jumped nearly 7% intraday to ₹302 and is now trading close to its 52-week high of around ₹321.

At the time of reporting, the stock was up about 6% at ₹297.80, even as the broader market declined.

Bain Capital Open Offer Boosts Sentiment

The main trigger behind the rally is the completion of the open offer by Bain Capital.

Key highlights:

• Bain Capital launched an open offer on April 6 to buy a 26% stake.
• The offer closed on April 20.
• Following earlier equity and warrant investments, Bain Capital has gained control of the company and is now part of the promoter group.
• On a fully diluted basis, Bain Capital may hold 18%–41.66% stake, while existing promoters will hold 28.9%.

This development improved investor confidence and pushed the stock higher.

About Manappuram Finance Ltd

Manappuram Finance Ltd is a non-banking financial company headquartered in Valapad, Thrissur, Kerala. The company operates a wide network of over 4,190 branches across 25 states in India.

Manappuram Finance Share Price Movement

Manappuram Finance share price closed at ₹294.50 on 22 April at 3:30 PM IST, rising ₹12.70 or 4.51% for the day. The stock opened at ₹281.80 and touched an intraday high of ₹302.45 and a low of ₹281.30. Over the past year, the stock has moved between a 52-week high of ₹321.60 and a 52-week low of ₹222.51, while offering a dividend yield of 0.68% with a quarterly dividend of ₹0.50 per share.

Read More: India’s Gold Imports Hit Record USD 71.98 Billion in FY26 Amid Price Surge.

Conclusion

Manappuram Finance’s sharp rally was driven by the Bain Capital deal and strong gold loan growth outlook. 

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