Manappuram Finance Shares Plunge 10% on RBI Objection to Bain Capital Deal

• Manappuram Finance shares dropped 10% after reports of RBI objecting to Bain Capital's controlling stake acquisition.
• Bain Capital is reportedly exploring phased divestment in Tyger Capital to address RBI's concerns.
• The proposed deal involved Bain Capital Asia investing ₹4,385 crore for an 18% stake via preferential allotment.
• Bain Capital was to become a joint promoter with VP Nandakumar and Sushama Nandakumar.
• Bain Capital's investment arm, BC Asia Investments XXV Limited, was to acquire 9.29 crore shares at ₹236 each.

Why It Matters: Manappuram Finance shares fell sharply due to RBI's reported objection to Bain Capital's stake acquisition.