This approval means the proposed acquisition of control and shareholding of up to 41.66% of the paid-up equity capital / convertible instruments.
However, there are certain conditions in place.Here, any acquisition of shareholding of Manappuram Finance by the investors resulting in them crossing 26% of the paid-up share capital of the company (other than pursuant to conversion of warrants as part of the proposed investment) after one year will require prior approval from the RBI.
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Manappuram is required to advise the investors to furnish an action plan to the RBI within the timeline specified by the RBI to ensure that there will not be more than one non-banking financial company of the same category/housing finance company within their group with majority shareholding and control.The Kerala-based company also added that the RBI approval for Asirvad Micro Fin & Manappuram Home Fin for the proposed investment is pending.
Manappuram Finance Shares In Focus
After the said approval, Bain Capital will be listed as a promoter of the business and, together with the current promoters, will have joint control over Manappuram Finance.
The company will be in focus on Monday. The shares declined by close to 2% or ₹6, on Friday’s trade. The company shares have progressed reasonably well in the past 6 months, as the stock price has risen by over 13% in the said period.
The share price stands at ₹302.65, falling from the 52-week high of ₹321.60 attained earlier this year in January 2026.
First Published: Feb 15, 2026 5:39 PM IS
