this is best deal for manappuram. Something similar to Thyrocare. Not much zeal left to drive company roadmap aggressively . at same time they feel that enough juice left in company growth potential .
Lets bring professional management , bring more capital for capex and opex , no more pressure of raising money via ipo for microfinance and at same time keep your holding intact to ride the share price growth . Why to invest in something else when you have a gold loan majority nbfc ?
I feel capital would be good to drive home , vehicle and microfinance. Though not sure if Bain would go in microfinance aggressively . They may want to scale vehicle and home loan more aggressively than current management.
I am more positive about new management in manappuram. though Bain’s record is not extraordinary but a mere focus on vehicle , home and gold loan with rerating should get us 25% cagr over 4-5 years.
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