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Bain’s Manappuram deal faces delay as RBI objects
Financial Express Bengaluru
|January 10, 2026
SEBI, COMPETITION COMMISSION HAVE ACCORDED APPROVALS
THE RESERVE BANK of India (RBI) has raised objections to Bain Capital's plan to acquire a controlling stake in Manappuram Finance as the US firm has a controlling interest in another Indian lender, three sources said.
Shares in Manappuram slid on the development, closed down 7.81% to ₹285.20 on the BSE.
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