Manappuram Finance refutes claims of Bain deal delays, states RBI approval is still awaited.

Gold loan financier Manappuram Finance Ltd on Friday (January 9) rejected a media report alleging that its planned transaction with Bain Capital-linked entities had been postponed due to regulatory issues, labeling the report as factually inaccurate and speculative.

The response was made following inquiries from the National Stock Exchange and BSE concerning the news piece on the intended transaction.

Manappuram Finance stated that it has been consistently providing updates on the proposed investment by BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd, as well as the acquisition of joint control alongside the existing promoters within the company and its subsidiaries, including Asirvad Micro Finance Ltd and Manappuram Home Finance Ltd.
Also Read: Manappuram Finance appoints new Group CFO, to invest ₹250 crore in unit Asirvad Micro

The company has secured approval from the Reserve Bank of India for the management shift at Manappuram Finance, along with Asirvad Micro Finance Ltd and Manappuram Home Finance Ltd. These approvals were previously communicated through regulatory announcements dated September 17, 2025, and August 27, 2025, respectively.

Regarding the change of control application submitted to the RBI for the proposed transaction, Manappuram Finance affirmed that all required filings, including responses to the regulator’s clarifications, have been completed. The company also noted that it is awaiting final approval from the RBI for the proposed transaction.

Shares of Manappuram Finance Ltd closed at ₹293.00, declining by ₹16.50, or 5.33%, on the BSE.

Also Read: Manappuram Finance Q2 results: Net profit slumps 62%; dividend declared