The Exchange has sought clarification from Manappuram Finance Limited with respect to recent news item captioned Manappuram's Bain deal delayed by Indian regulatory concerns, sources say. The response from the Company is attached.
MANAPPURAM · price
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Manappuram Finance has denied a media report suggesting that its deal with Bain Capital (BC Asia Investments XIV and XXV) is delayed due to Indian regulatory concerns, calling the report 'factually incorrect and speculative.' The company confirmed that the proposed transaction, where Bain Capital will acquire joint control alongside existing promoters in Manappuram Finance and its subsidiaries Asirvad Micro Finance and Manappuram Home Finance, is progressing as planned. RBI approval for change in management has already been received for Manappuram Finance (September 2025) and for both subsidiaries (August 2025). Final RBI approval for the overall change of control remains pending, with the company stating it will keep exchanges updated.
The denial removes a potential negative overhang on the stock caused by the media report. With RBI approvals for change in management already secured at both the company and subsidiary level, the Bain Capital deal appears to be in its final stages, which could be viewed positively by investors awaiting the closure of this marquee transaction.