Gold and silver prices are soaring, drawing investor attention to shares of companies related to these precious metals. One such company, Manappuram Finance, which offers gold loans, is expected to remain in the spotlight in the coming days. The Reserve Bank of India (RBI) has granted approval for Ben Capital to acquire over 41% ownership in Manappuram Finance, indicating potential changes in its stock performance.

The RBI has given its final approval for Manappuram Finance to allow affiliated companies of Ben Capital, BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd, to acquire up to 41.66% equity stakes. This deal is set to see an investment of approximately ₹4,385 crores from Ben Capital for an 18% stake on a diluted basis, which will occur through the preferential allotment of equity shares and warrants priced at ₹236 per share. Additionally, the acquisition can increase up to 41.66% via an open offer.

This significant acquisition has implications for the market confidence in Manappuram Finance’s operational capacity and its stock value, especially given the current bullish trend in gold prices. Investors and market analysts will be closely monitoring how this investment impacts the company’s share prices and the overall stability of gold loan businesses in India, as companies like Manappuram leverage the rising demand for gold loans amidst fluctuating market scenarios.