Investment18 Mar 2026, 06:37 pm
RBI Grants Final Approval to Manappuram Finance's Proposed Investment and Open Offer
AI Summary
The Reserve Bank of India (RBI) has granted its final approval in respect of indirect change of control and management of Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL) pursuant to the proposed acquisition of control and shareholding of up to 41.66% of the paid-up equity capital of Manappuram Finance Limited. This approval comes after the RBI's communications dated March 18, 2026, to AMFL and MHFL respectively. The RBI has waived the minimum time period of 30 days for the public notice. The final approval is subject to conditions specified by the RBI in its approval for the Company.
Key Highlights
- RBI grants final approval to Manappuram Finance's proposed investment and open offer
- Indirect change of control and management of Asirvad Micro Finance Limited and Manappuram Home Finance Limited approved
- Proposed acquisition of up to 41.66% of the paid-up equity capital of Manappuram Finance Limited approved
- RBI waives the minimum time period of 30 days for the public notice
- Final approval subject to conditions specified by the RBI