Bain Capital's ₹4,385 Crore Manappuram Finance Deal Nears Completion After RBI Approval

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RBI Clears Bain Capital's ₹4,385 Crore Entry into Manappuram Finance

RBI Clears Bain Capital's ₹4,385 Crore Entry into Manappuram Finance

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CNBC TV18•18-03-2026, 20:11

RBI Clears Bain Capital's ₹4,385 Crore Entry into Manappuram Finance

•Manappuram Finance receives all RBI regulatory approvals for Bain Capital to acquire joint control.
•Approvals cover indirect change in control of subsidiaries like Asirvad Micro Finance and Manappuram Home Finance.
•Bain Capital to complete ₹4,385 crore capital infusion by March 31, 2026, and proceed with an open offer.
•Bain Capital expected to hold 18% to 41.66% stake, becoming a co-promoter with existing promoters retaining 28.9%.
•Boards of Manappuram Finance and subsidiaries will be reconstituted to include Bain Capital’s nominee directors.

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