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Manappuram Finance gets RBI nod for Bain Capital joint control
Financial Express Mumbai
|February 15, 2026
MANAPPURAM FINANCE HAS received the Reserve Bank of India’s (RBI) final approval for the proposed acquisition of joint control and 41.66% shareholding in the company’s paid-up equity capital and convertible instruments by Bain Capital.
In March 2025, Bain Capital, through its affiliates BC Asia Investments XXV and BC Asia Investments XIV, had committed to invest about 4,385 crore to acquire an 18% stake at ₹236 per share. The transaction also triggered a mandatory open offer to purchase an additional 26% stake from public shareholders at ₹236 per share. Bain Capital’s stake post-investme
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