Manappuram Finance denies report on delay in Bain deal, says RBI approval pending

Gold loan financier Manappuram Finance Ltd on Friday (January 9) denied a media report claiming that its proposed transaction with Bain Capital-linked entities had been delayed due to regulatory concerns, calling the news item factually incorrect and speculative.

The company was responding to clarification sought by the National Stock Exchange and BSE regarding a news item on the proposed transaction.

Manappuram Finance said it has been providing regular disclosures on the proposed investment by BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd, and the acquisition of joint control along with the existing promoters in the company and its subsidiaries, including Asirvad Micro Finance Ltd and Manappuram Home Finance Ltd.

Also Read: Manappuram Finance appoints new Group CFO, to invest ₹250 crore in unit Asirvad Micro

The company said it has already received approval from the Reserve Bank of India for the change in management at Manappuram Finance, as well as at Asirvad Micro Finance Ltd and Manappuram Home Finance Ltd. These approvals were disclosed earlier through regulatory announcements dated September 17, 2025 and August 27, 2025, respectively.

In relation to the change of control application filed with the RBI for the proposed transaction, Manappuram Finance said all necessary filings, including responses to clarifications sought by the regulator, have been submitted. The company added that final approval from the RBI for the proposed transaction is currently pending.

Shares of Manappuram Finance Ltd ended at ₹293.00, down by ₹16.50, or 5.33%, on the BSE.

Also Read: Manappuram Finance Q2 results: Net profit slumps 62%; dividend declared