RBI Approves Bain Capital's Acquisition of Up to 41.7% Stake in Manappuram Finance

• Manappuram Finance receives final RBI approval for Bain Capital affiliates (BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd) to acquire up to 41.66% of its paid-up equity capital/convertible instruments.
• Bain Capital committed Rs 4,385 crore to acquire an 18% stake through preferential allotment of equity shares and warrants at Rs 236 per share, as per agreements from March 20, 2025.
• The transaction triggers a mandatory open offer for an additional 26% stake from public shareholders at Rs 236 per share, adhering to SEBI regulations.
• Bain Capital will become a joint controlling promoter of Manappuram Finance, leading to board reconstitution with nominee directors.
• Bain Capital's stake will range from 18% to 41.7% post-investment, while existing promoters will hold 28.9% on a fully diluted basis.