Manappuram Finance Limited announced that the Reserve Bank of India (RBI) has granted final approval for the indirect acquisition and shareholding of its subsidiaries, Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL). The approval, dated March 18, 2026, pertains to the investment by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited. The approval covers a shareholding up to 41.66% of the paid-up equity capital and completes the necessary conditions for the mandatory Open Offer to public shareholders.
Regulatory Approval for Subsidiary Shareholding
Manappuram Finance Limited has formally intimated the exchanges regarding significant regulatory clearances concerning its subsidiaries. The Reserve Bank of India (RBI) provided its final approval on March 18, 2026, for the proposed investment structure involving its subsidiaries, Asirvad Micro Finance Limited (“AMFL”) and Manappuram Home Finance Limited (“MHFL”).
Scope of Investment and Open Offer
This approval specifically covers the indirect acquisition and consolidation of shareholding up to 41.66% of the paid-up equity capital in both AMFL and MHFL. This transaction is linked to the proposed investment by entities identified as Investor 1 and Investor 2 (BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, respectively).
Furthermore, the RBI’s consent finalizes the necessary conditions preceding the mandatory Open Offer to the public shareholders of Manappuram Finance Limited. The investors are advised to issue a public notice and adhere to the minimum time period of 30 days as advised by the RBI to complete the transaction process.
Prior Disclosures
This announcement follows a series of previous disclosures made by the Company regarding the proposed transaction, with the most recent intimation referenced on February 14, 2026.
Source: BSE
