Bain Gets RBI Nod for Manappuram Stake; Ola Electric Shares Plunge
The Reserve Bank of India (RBI) has granted conditional approval to affiliates of Bain Capital to acquire up to 41.7% stake in Manappuram Finance Ltd. This significant transaction paves the way for a transition to a joint promoter structure for the gold loan provider. The deal also triggers a mandatory open offer for the purchase of an additional 26% stake from public shareholders at ₹236 per share, as mandated by SEBI regulations. Manappuram Finance's Managing Director and CEO, V P Nandakumar, indicated that the move would help the company enhance and expand its branch network across India. Despite this milestone, the approval comes with significant regulatory conditions requiring ongoing compliance, placing the company's shares under close market observation. In stark contrast, shares of Ola Electric Mobility Ltd. plummeted to an all-time low, declining as much as 7% following the release of its Q3 FY26 results. The electric vehicle maker reported that its revenue more than halved compared to previous quarters, overshadowing a narrower net loss. Brokerages reacted sharply, with one major firm downgrading the stock and slashing its price target by 60%, citing doubts about the company's survival amidst intense competition. The challenges for Ola Electric are underscored by its market performance. While the broader electric two-wheeler industry showed strong growth, Ola continued to underperform its peers. The company's sales volumes collapsed to 32,000 units in Q3FY26 from 125,000 units in Q1FY26, causing its market ranking to drop to fifth place with just a 6% share. The stock is now down over 62% from its IPO price of ₹76 and approximately 82% from its all-time high recorded in August 2024, with some analysts foreseeing a further 35% downside. Together, these developments highlight divergent paths for two prominent Indian companies. Manappuram Finance enters a new phase with a major global investor, albeit under regulatory scrutiny, while Ola Electric faces a severe crisis of confidence from investors following its disappointing operational and financial performance.
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Sources
Manappuram Finance shares in focus: RBI grants approval to Bain Capital for acquiring up to 41.7% stake; details to know
Manappuram Finance share price: The transaction also triggers a mandatory open offer for the purchase of an additional 26% stake from public shareholders at ₹236 per share, in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it said.
Manappuram Finance gets RBI's conditional nod for proposed stake sale to Bain Capital - CNBC TV18
Manappuram Finance Shares In Focus ... control over Manappuram Finance. The company will be in focus on Monday. The shares declined by close to 2% or ₹6, on Friday's trade. The company shares have progressed reasonably well in the past 6 months, as the stock price has risen ...
Bain Capital Secures RBI Approval for Major Stake in Manappuram Finance
It will also help us enhance and expand our branch network pan India," Manappuram Finance MD and CEO V P Nandakumar said. ... rbimanappuram financebain capitalmanappuram financestake salesebiRBI approvalSEBI regulationsgold loan · (What's moving Sensex and Nifty Track latest market news, stock ...
Manappuram Finance shares are under observation following the Reserve Bank of India's conditional approval for Bain Capital affiliates to acquire up to 41.66% stake. This marks the transition to a joint promoter structure, with significant regulatory conditions requiring ongoing compliance and strategic planning. Despite the milestone, the stock ...
Ola Electric shares slide 5% as revenue slump overshadows narrower Q3 loss - The Economic Times
For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless · (You can now subscribe to our ETMarkets WhatsApp channel) ... ola electric ...
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'Doubts on survival': Ola Electric shares see 60% price target cut; here's why - BusinessToday
It said underlying electric two-wheeler theme remained strong, with industry volumes growing 33 per cent and 24 per cent year-on-year (YoY) in January and February 2026, respectively, and penetration reviving after a dip following GST cuts. However, Ola continued to underperform peers, with volumes declining to 32,000 units in Q3FY26 from 1,25,000 units in Q1FY26. The company ranked fifth in the industry with a 6 per cent market share...
Ola Electric shares downgraded, target price cut by 60% after revenue halves in Q3; Stock down 6% - CNBC TV18
HomeMarket NewsOla Electric shares downgraded, target price cut by 60% after revenue halves in Q3; Stock down 6% By Sudarshan Kumar | Shloka Badkar February 16, 2026, 9:17:15 AM IST (Updated) ... Shares of Ola Electric Mobility Ltd.
Ola Electric shares tumble 7% to all-time low after Q3 revenue more than halves; brokerages see up to 35% downside
Ola Electric share price: The stock is currently down more than 62% from its IPO price of Rs 76 apiece, and around 82% from its all-time high of Rs 157.40 apiece which it had hit in August 2024.
Stocks to watch: Manappuram Finance, Ola Electric, Religare Enterprises among 10 shares in focus today; full list here | Stock Market News
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Business NewsMarketsStock MarketsStocks to watch: Manappuram Finance, Ola Electric, Religare Enterprises among 10 shares in focus today; ...
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