Manappuram surges 6%; nears record high on strategic deal with Bain Capital

Q: How long will it take to read this news story?

The story "Manappuram surges 6%; nears record high on strategic deal with Bain Capital" has 677 words across 6 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Manappuram surges 6%; nears record high on strategic deal with Bain Capital" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 132 news stories per day. It's most recent story was published 4 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27208303</li><li>URL: https://beamstart.com/news/manappuram-surges-6-nears-record-17425312191714</li></ul>

Business Standard Logo Business Standard 1d ago

Manappuram surges 6%; nears record high on strategic deal with Bain Capital - Business Standard

Quick Summary:

The stock price of the non-banking finance company is trading close to its record high level of Rs 230.40 touched on July 19, 2024, exchange data shows.

Onboarding a strategic investor and granting joint control for the company’s next phase of growth is a positive step, especially considering the limited visibility on succession planning (more from a business perspective rather than just as a promoter).

The deal with Bain Capital is expected to bring further operational efficiencies as well as better governance in the company, ICICI Securities said in a note.