Manappuram Finance shares touched 52-week highs at Rs 247.6 as Bain Capital plans to acquire 18 percent stake in the company. The stock closed at Rs 324.40, just 7.77 percent higher.
Boston-headquartered private equity firm Bain Capital is in final steps for a deal to acquire controlling stake in ice cream brand Vadilal. The news has been first reported by CNBC-TV18.