Manappuram Finance Gets RBI Nod for 41.66% Stake Sale; Stock in Focus

• Manappuram Finance received RBI approval for BC Asia Investments to acquire up to a 41.66% stake.
• BC Asia Investments XXV Limited and BC Asia Investments XIV Limited are affiliated with Baring Private Equity Asia (now part of EQT).
• RBI waived the public notice period but imposed two conditions for investors.
• Conditions include prior RBI approval for stake increase beyond 26% after one year and an action plan for multiple NBFCs/HFCs.
• Company awaits RBI approval for Asirvad Micro Finance Limited and Manappuram Home Finance to complete the deal.