RBI Clears Bain Capital's Major Stake in Manappuram Finance; Shares in Focus

• RBI grants final approval for Bain Capital to acquire up to 41.66% stake and control in Manappuram Finance.
• Bain Capital will join the promoter group and assume joint control of the gold loan company.
• Approval comes with two conditions: prior RBI approval for over 26% stake after one year, and an action plan for NBFC/HFC majority control.
• Deal signed in March 2025, involves 4,385 crore rupees investment for an 18% stake via preferential issue at 236 rupees per share.
• A mandatory open offer for an additional 26% stake at 236 rupees per share will follow, with Bain Capital's total stake potentially reaching 41.7%.