RBI approves Bain Capital's 41.66% stake in Manappuram Finance

Gold loan financier Manappuram Finance received RBI's final approval for the proposed acquisition of joint control and up to 41.66% shareholding in the company's paid-up equity capital and convertible instruments by Bain Capital. In March 2025, Bain Capital had committed to invest about ₹4,385 crore to acquire an 18% stake. Bain Capital will be classified as promoter of Manappuram Finance.