Manappuram Finance & Bain Capital Deal: RBIS Open Offer Rule explained
Summary points: Bain capital is snagging an 18% stake in manappuram finance for Rs 4,385 Crore ($ 508 million), as reported by moneycontrol and reates. This triggers India’s sebi takeover code, Forcing Bain to Offer to Buy Another 26% from Sharehlders at Rs 236 per share. I’ll explain the rules: if you grab 25%+ of … Read more