Manappuram Finance shares are expected to rise as Bain Capital acquires joint control with an 18% stake for Rs 4,385 crore. The investment aims to drive growth, enhance operations, and strengthen leadership. Promoters will remain fully invested, and the deal includes a mandatory open offer for an additional 26% stake.
Eternals’ FII cap signals stronger push into quick commerce with inventory-led strategy: Karan Taurani
Elara Securities’ Karan Taurani views Eternals’ move to cap FII ownership positively, paving the way for inventory-led quick commerce growth. This shift allows better control