Manappuram hits record high as Bain Capital plans stake buy, stocks up nearly 12%

Manappuram Finance shares surged nearly 12% after Bain Capital's investment plan.

Bain Capital to buy an 18% stake at Rs 236 per share.

Investment worth $508 million gives Bain joint control with promoters.

CEO V.P. Nandakumar to become non-executive chairman post-deal.