Manappuram Finance has issued a clarification regarding a news item on www.economictimes.com dated January 09, 2026, concerning a supposed delay in Manappuram’s Bain deal due to regulatory concerns. The company denies the media report, stating it is factually incorrect and speculative. Manappuram Finance confirms that all necessary filings have been submitted to the RBI, and final approval is pending.
Response to Media Speculation
Manappuram Finance refutes a media report published on January 09, 2026, suggesting a delay in the investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited (collectively, “Proposed Investors”) due to Indian regulatory concerns. The company asserts that the report is factually incorrect and speculative.
Update on Proposed Investment
The company confirms that it has consistently provided updates regarding the proposed investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited (“Proposed Investors”) in Manappuram Finance. This includes the acquisition of joint control (along with the existing promoters) in the Company and its subsidiaries, namely Asirvad Micro Finance Limited (“AMFL”) and Manappuram Home Finance Limited (“MHFL”).
RBI Approval and Filings
Manappuram Finance confirms receipt of approval from the Reserve Bank of India (“RBI”) for the change in management within the company, as communicated on September 17, 2025, and also in AMFL and MHFL, as communicated on August 27, 2025. All necessary filings related to the change of control application have been submitted to the RBI. The final approval from the RBI for the proposed transaction is currently pending.
Source: BSE
