Manappuram Finance Denies Bain Deal Delay, Awaits RBI Approval

• Manappuram Finance denied media reports of a delay in its proposed transaction with Bain Capital-linked entities.
• The company stated the news item claiming regulatory concerns causing delay was factually incorrect and speculative.
• Manappuram Finance has received RBI approval for management changes at the company and its subsidiaries, Asirvad Micro Finance Ltd and Manappuram Home Finance Ltd.
• All necessary filings and clarifications for the change of control application have been submitted to the RBI.
• Final RBI approval for the proposed transaction is currently pending.

Why It Matters: Manappuram Finance refutes delay claims, confirms RBI approval for management change, final deal approval pending.