Thrissur (Kerala), Feb. 15 -- The Reserve Bank of India (RBI) has granted final approval for affiliates of Bain Capital to acquire joint control and up to 41.66 per cent of the paid-up equity capital and convertible instruments of Manappuram Finance Limited, marking a significant milestone in the company's strategic growth plans.
The approval, communicated on February 13, 2026, pertains to definitive agreements executed on March 20, 2025, under which Bain Capital committed to invest approximately Rs 4,385 crore.
The investment includes the acquisition of an 18 per cent stake on a fully diluted basis through preferential allotment of equity shares and warrants at Rs 236 per share.
The transaction also triggers a mandatory open offer to ac...