Last Updated:
RBI approves BC Asia Investments to acquire up to 41.66% in Manappuram Finance, with conditions and pending nods for Asirvad Micro Finance.
Manappuram Finance gets RBI nod to sell stakes
Manappuram Finance Stake Sale: Manappuram Finance Limited has received approval from the Reserve Bank of India (RBI) for the proposed investment by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited.
According to the press release, investors can acquire up to 41.66 per cent stake in Manappuram Finance Limited.
Manappuram Finance Limited is one of India’s leading gold loan NBFCs. Stocks will remain in focus on Monday following the RBI’s approval to sell stakes.
Shares of Manappuram Finance Limited closed at Rs 302.15 per share in the last session, dropping 2.11 per cent from the previous day close at Rs 308.65 per share.
Even though the RBI has waived the public notice period for this transaction, it has put two conditions for the investors:
1) If the investors increase their stake beyond 26% after one year (except through warrant conversion), they must take prior RBI approval.
2) The investors must submit an action plan to RBI to ensure there is not more than one NBFC/housing finance company of the same category under majority control in their group.
The company informed in the press release that it is still awaiting RBI’s approval for for Asirvad Micro Finance Limited and Manappuram Home Finance.
The investment and open offer will be completed only after these approvals and other agreed conditions are met.
BC Asia Investments XXV Limited and BC Asia Investments XIV Limited are investment entities affiliated with global private equity firm Baring Private Equity Asia (now part of EQT). These entities are typically used as special purpose vehicles (SPVs) to make structured investments in companies.
Click here to add News18 as your preferred news source on Google.
February 15, 2026, 08:59 IST
Read More
