Latest news with #ManappuramFinance
Economic Times
24-06-2025
- Business
- Economic Times
CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance
The Competition Commission of India (CCI) has approved Bain Capital's stake acquisition in Manappuram Finance and Manappuram Asset Finance. Ranjan Pai-led Manipal Group's purchase of a stake in Aakash Educational Services from JC Chaudhry was also cleared. Furthermore, Alpha Wave Global's plan to acquire nearly 10% stake in Haldiram Snacks Food received the green light from the antitrust regulator. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Company 1. SIS close to acquiring company; eyes tech edge, organic growth under Vision 2030 blueprint The Competition Commission of India (CCI) on Tuesday said it has cleared three proposals, including Bain Capital 's stake acquisition in Manappuram Finance and Manappuram Asset Finance, and Ranjan Pai-led Manipal Group's purchase of a stake in Aakash Educational Services from its founder JC antitrust regulator also cleared the acquisition of investment company Alpha Wave Global's plan to pick up nearly 10% stake in Haldiram Snacks a statement, the regulator dwelt on Bain Capital's proposed transaction. It involves subscription to over 92.9 million fully paid-up equity shares of Manappuram Finance by BC Asia Investments XXV--indirectly owned and controlled by Bain Capital-- through private placement and preferential BC Asia Investments XIV, another Bain Capital entity, will subscribe to 92.9 million warrants of Manappuram Finance. This can be exercised (in one or more tranches) between four and 18 months from their date of allotment, each carrying a right to subscribe to one equity share of Manappuram Finance.'The acquisition through a mandatory open offer triggered by the acquirer 1 (BC Asia Investments XXV) and its persons acting in concert, in compliance with applicable regulations of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended), whereby acquirer 1 has made an open offer to acquire up to 24,42,27,387 fully paid-up equity shares representing 26% of the expanded voting share capital of MFL from the public shareholders of MFL,' the regulator it also involves the acquisition of Manappuram Asset Finance by Manappuram to the proposed transaction, Manipal Group through its affiliates -- Manipal Health Systems and Manipal Education and Medical Group India (MEMG) -- will pick up stakes in Aakash Educational Pai is the largest shareholder with a 40% stake in Aakash Educational for the Haldiram deal, the regulator said Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP will pick up a total of less than 10% in Haldiram Snacks March, Haldiram Snacks Food, the combined entity of the two businesses of the Haldiram family in Delhi and Nagpur, had announced the stake up in 1937 in Bikaner, Rajasthan, by Ganga Bhishen Agarwal, Haldiram grew up to be a major food snacks brand, with its products currently sold in over 80 month, the antitrust regulator had approved the acquisition of less than a 10% stake in Haldiram Snacks Food by Singapore's Temasek Holdings through its arm Jongsong Investments Pte.
Time of India
24-06-2025
- Business
- Time of India
CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance
The Competition Commission of India (CCI) on Tuesday said it has cleared three proposals, including Bain Capital 's stake acquisition in Manappuram Finance and Manappuram Asset Finance, and Ranjan Pai-led Manipal Group's purchase of a stake in Aakash Educational Services from its founder JC Chaudhry. The antitrust regulator also cleared the acquisition of investment company Alpha Wave Global's plan to pick up nearly 10% stake in Haldiram Snacks Food. In a statement, the regulator dwelt on Bain Capital's proposed transaction. It involves subscription to over 92.9 million fully paid-up equity shares of Manappuram Finance by BC Asia Investments XXV--indirectly owned and controlled by Bain Capital-- through private placement and preferential allotment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-live Spaces Starting from 42L+ | Whitefield Sumadhura Learn More Undo Similarly, BC Asia Investments XIV, another Bain Capital entity, will subscribe to 92.9 million warrants of Manappuram Finance. This can be exercised (in one or more tranches) between four and 18 months from their date of allotment, each carrying a right to subscribe to one equity share of Manappuram Finance. 'The acquisition through a mandatory open offer triggered by the acquirer 1 (BC Asia Investments XXV) and its persons acting in concert, in compliance with applicable regulations of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended), whereby acquirer 1 has made an open offer to acquire up to 24,42,27,387 fully paid-up equity shares representing 26% of the expanded voting share capital of MFL from the public shareholders of MFL,' the regulator said. Live Events Finally, it also involves the acquisition of Manappuram Asset Finance by Manappuram Finance. Aakash-Manipal deal According to the proposed transaction, Manipal Group through its affiliates -- Manipal Health Systems and Manipal Education and Medical Group India (MEMG) -- will pick up stakes in Aakash Educational Services. Ranjan Pai is the largest shareholder with a 40% stake in Aakash Educational Services. Haldiram stake sale As for the Haldiram deal, the regulator said Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP will pick up a total of less than 10% in Haldiram Snacks Foods. In March, Haldiram Snacks Food, the combined entity of the two businesses of the Haldiram family in Delhi and Nagpur, had announced the stake sale. Set up in 1937 in Bikaner, Rajasthan, by Ganga Bhishen Agarwal, Haldiram grew up to be a major food snacks brand, with its products currently sold in over 80 countries. Last month, the antitrust regulator had approved the acquisition of less than a 10% stake in Haldiram Snacks Food by Singapore's Temasek Holdings through its arm Jongsong Investments Pte.
&w=3840&q=100)
Business Standard
19-06-2025
- Business
- Business Standard
Muthoot Finance at new high; charts foresee 32% upside for gold loan shares
Muthoot Finance and Manappuram Finance have gained up to 19% thus far in June after RBI eased norms on small-ticket gold loans. Technical charts hint that these stocks can potentially rally 32% more. Rex Cano Mumbai Listen to This Article Shares of gold loan provider - Muthoot Finance were seen trading at new life-time highs in trades on Thursday, June 19. The stock hit a new all-time high at ₹2,670. In comparison, its competitor - Manappuram Finance stock was seen trading with a marginal loss at ₹264. Manappuram registered its summit at ₹284.90 on the NSE on June 16. Both stocks - Muthoot Finance and Manappuram Finance have witnessed a sharp rally in the month of June so far, after the Reserve Bank of India (RBI) on June 6 eased norms for small-ticket gold loans.
Reuters
19-06-2025
- Business
- Reuters
India's new gold loan rules to reshape lenders' business models, says S&P
June 19 (Reuters) - New rules from India's central bank will make lenders in the booming gold loan market overhaul their underwriting practices and brace for higher near-term costs, S&P Global Ratings said in a note on Wednesday. The Reserve Bank of India's final guidelines on gold-backed lending, issued earlier this month, mandate a shift to cash flow-based credit assessments and tighter monitoring of loan-to-value (LTV) ratios. S&P said these changes will have the greatest impact on non-bank lenders heavily reliant on gold loan portfolios. 'The first is that finance companies face upfront costs as they transition to a cash flow-based assessment of the borrower's creditworthiness," said Shinoy Varghese, credit analyst at S&P Global Ratings. Lenders have until April 1, 2026, to comply with the new norms. While the rules allow greater flexibility in offering short-tenor loans for consumption borrowing, the inclusion of interest rates in LTV calculations may shrink actual disbursals to borrowers, the ratings agency said. S&P said that gold-loan specialists like Muthoot Finance ( opens new tab and Manappuram Finance ( opens new tab will likely face the steepest adjustments. It also warned that as lenders broaden their risk appetite and explore new loan structures, the sector may become more vulnerable to sharp corrections in gold prices.
&w=3840&q=100)
Business Standard
12-06-2025
- Business
- Business Standard
Muthoot, Manappuram hit new highs in weak market; rally upto 17% in 1 week
Shares of gold finance companies Muthoot Finance (₹2,598.80) and Manappuram Finance (₹275) hit their respective new highs, gaining 2 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.43 per cent at 82,158 at 11:40 AM. In past one week, the stock price of Manappuram Finance (up 17 per cent) and Muthoot Finance (13 per cent) have outperformed the market after the Reserve Bank of India (RBI) on Friday, June 6, 2025 issued its final rules on loans against gold collateral, detailing easier norms for small ticket loans. The BSE Sensex was up 1 per cent during the same period. In financial year 2024-25 (FY25), Muthoot Finance, India's largest gold loan Non-Banking Financial Company (NBFC), reported a consolidated loan asset under management (AUM) of ₹1.22 trillion, having crossed ₹1 trillion in gold loan AUM. Track LIVE Stock Market Updates RBI revised guidelines for gold, silver-backed loans The RBI announced the final gold lending guidelines to harmonise gold lending, including credit assessment for non-consumption loans, loan-to-value (LTV) thresholds based on ticket sizes, loan tenors, renewal/top-ups, internal audits, gold auctions, and other operational processes. The RBI's revised guidelines for gold and silver-backed loans, effective April 1, 2026, are aimed at improving credit access for small borrowers and harmonising regulations across banks and NBFCs. The LTV ratio for loans up to ₹2.5 lakh has been raised to 85 per cent (from 75 per cent), while loans between ₹2.5–5 lakh are capped at 80 per cent. Bullet loans must calculate LTV on the total maturity payout. Lending against bullion, exchange-traded funds (ETFs), or re-pledging is barred. These guidelines will apply uniformly to all the regulated entities doing gold lending, including banks, small finance banks (SFBs), and NBFCs. Brokerage, Management views on Muthoot, Manappuram Finance Structurally positive for small-ticket credit lenders; the higher LTV limits and relaxed norms are expected to drive growth in gold loan demand, benefiting players like Muthoot Finance and Manappuram Finance, according to ICICI Securities. Now that the RBI has released the final guidelines on gold loans, the overhang on the gold loan NBFCs will now go away. This is positive for gold loan NBFCs, particularly Muthoot, which had borne the maximum brunt of the draft gold lending guidelines. Meanwhile, looking ahead to FY'26, the management of Manappuram Finance remains optimistic. They expect the company's gold AUM to grow strongly, supporting digital onboarding and rural demand. The gold loan portfolio remains the company's core strength, accounting for 59.5 per cent of consolidated AUM compared to 55.4 per cent in Q3FY25. As of March 31, 2025, the company's consolidated gold loan AUM stood at ₹ 25,586 crore, up by 4.4 per cent quarter-on-quarter (Q-o-Q) and 18.7 per cent year-on-year (Y-o-Y) in spite of heightened competition, the management said. Meanwhile, across the six rate cut cycles since calendar year 2002, NBFC had consistently outperformed during and/or after easing phases, delivering 79 per cent average 12-month market capitalisation gains, 24 per cent profit after tax growth, and 15 per cent book value (BV) expansion. Even during the cut phase, they had returned to 37 per cent on average, outpacing banks. Their outperformance stemmed from high sensitivity to liquidity and funding cost, according to analysts at Elara Capital. The brokerage firm in the strategy report said its preferred picks post rate cuts are HDFC Bank, Axis Bank, State Bank of India, Bank of Baroda, Bajaj Finance, Muthoot Finance, Mahindra & Mahindra, TVS Motors, Godrej Properties, Sobha, and Oberoi Realty.
