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US firm TPG eyes stake in Manappuram Finance

US firm TPG eyes stake in Manappuram Finance

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.

Fund houses like Baring India Pvt Equity Fund III Listed Investments, Morgan Stanley Asia, Wellington Trust Company National Association etc have 39.53 per cent stake in the company as of June 2013.

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