RBI grants approval to Bain Capital for acquiring up to 41.7% stake in Manappuram Finance

Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition up to 41.66 per cent of the company’s paid-up equity capital / convertible instruments by affiliates of Bain Capital– BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.

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