Manappuram Shares Plummet 5% as RBI Red-Flags Bain Capital Deal

• Manappuram Finance shares dropped 5% below 300 rupees after an exclusive report on RBI's concerns.
• RBI objects to Bain Capital's acquisition of a controlling stake in Manappuram due to its existing control over another Indian NBFC, Tyger Capital.
• RBI's rule prohibits an investor from controlling more than one lender, causing the Manappuram deal to stall.
• Bain Capital is exploring phased divestment of its 93% stake in Tyger Capital to meet RBI's conditions.
• The stalled deal, which was expected to bring significant capital infusion and credibility, led to investor selling.

Why It Matters: RBI's objection to Bain Capital controlling multiple lenders has stalled the Manappuram deal, causing a stock fall.