Deals9 Jan 2026, 09:51 pm
Manappuram Finance Ltd Denies Delay of Bain Deal Due to Indian Regulatory Concerns
AI Summary
Manappuram Finance Ltd has denied the news item that appeared in www.economictimes.com on January 09, 2026, claiming it to be factually incorrect and speculative in nature. The company has been providing regular updates regarding the proposed investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited in the company and its subsidiaries, including the receipt of approval from the Reserve Bank of India for change in management. The necessary filings for the change of control application have been made with the RBI and the final approval is pending. The company assures that it will keep the stock exchanges updated on the matter.
Key Highlights
- Manappuram Finance Ltd denies news item about Bain deal delay due to regulatory concerns
- Company claims the news item to be factually incorrect and speculative
- Regular updates provided regarding the proposed investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited
- Received approval from the Reserve Bank of India for change in management
- Necessary filings for change of control application made with the RBI, final approval pending