RBI approves Bain Capital bid for joint control of Manappuram Finance
India's central bank approved Bain Capital's bid for joint control of Manappuram Finance. The deal involves an investment of nearly 44 billion rupees.
Insights:
The Reserve Bank of India has granted final approval for Bain Capital to acquire joint control of Manappuram Finance Limited and up to 41.66% of its equity and convertible instruments. This regulatory clearance, issued on February 14, 2026, in IN 
IN, enables a proposed ownership and governance change following agreements signed in March. The approval clears the way for Bain Capital’s planned investment, which is reported to be approximately 43.85 billion rupees.
IN, enables a proposed ownership and governance change following agreements signed in March. The approval clears the way for Bain Capital’s planned investment, which is reported to be approximately 43.85 billion rupees.
