US-based private equity firm TPG is stated to be in talks with the gold loan company Manappuram Finance for buying a minority stake. Manappuram promoter VP Nandakumar along with Sushama Nandakumar hold 31.55 per cent stake in the company.
Tag: Manappuram Finance
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Baring PE raises stake in Manappuram Finance
In the last five months, Baring Private Equity Partners India increased its shareholding, in tranches, in the gold loan firm Manappuram Finance by 2.3 per cent. for around Rs 45-50 crore. Following this, the PE firm holds 9.48 per cent stake in the gold loan company, the fund said in a communication to the stock exchange