Manappuram Finance Receives Final RBI Approval for Change of Control and Management
Manappuram Finance Limited announced on March 18, 2026, that it has received final approval from the Reserve Bank of India (RBI) regarding the indirect change of control and management of its subsidiaries, Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL). This approval is linked to the proposed acquisition of up to 41.66% of the company's paid-up equity capital by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, and the consequent mandatory open offer to public shareholders.The RBI has waived a 30-day public notice period for AMFL and MHFL. The approval is subject to conditions previously disclosed by the company on February 14, 2026. Further details are available on the company’s website at https://www.manappuram.com/disclosure-inƟmaƟon-stock-exchange.
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