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Manappuram Finance Limited shares fell after RBI approved 41.66 percent stake sale to BC Asia Investments XXV Limited and BC Asia Investments XIV Limited.
Manappuram Finance gets RBI nod to sell stakes
Manappuram Finance Share Price: Manappuram Finance Limited’s shares were down by 2.60 per cent intraday on Monday, February 16, after the NBFC received the approval of Reserve Bank of India (RBI) for 41.66 per cent stake sale to by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited.
Shares were trading at Rs 301.15 per share with a drop of 0.45 per cent around 10:00 AM.
Manappuram Finance Limited is one of India’s leading gold loan NBFCs.
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.
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February 16, 2026, 10:08 IST
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