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.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,