Manappuram Finance Shares Jump 3% After Denying RBI Objection to Bain Capital Deal

• Manappuram Finance shares gained 3% after clarifying reports about RBI delaying its Bain Capital deal.
• The company denied media reports of RBI objections as "factually incorrect and speculative."
• Shares had dropped 10% last Friday following Reuters reports of RBI raising objections to Bain Capital's stake acquisition.
• Manappuram Finance confirmed regular updates were provided regarding BC Asia Investments' proposed investment and RBI approval for management change.
• The final RBI approval for the transaction is still pending, and the company will keep exchanges updated.

Why It Matters: Manappuram Finance shares rose after refuting reports of RBI objections to its Bain Capital deal.