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HomeMarket NewsManappuram Finance shares tank 10% on Reuters report of RBI objection to Bain deal
Bain Capital, through its affiliate BC Asia Investment, is investing ₹4,385 crore for up to 18% stake in Manappuram through a preferential allotment.
By CNBCTV18.com January 9, 2026, 2:27:55 PM IST (Updated)
Shares of Manappuram Finance Ltd. fell as much as 10% on Friday, January 9, after Reuters reported citing sources that the Reserve Bank of India has raised objections to Bain Capital's plans to acquire a controlling stake in the company.
The report goes on to state that Bain is exploring a phased divestment in India's Tyger Capital to address concerns on the Manappuram deal.
Shares of Manappuram Finance are now trading 6.7% lower after the initial sharp fall at ₹288.55.
To be updated with more details.
First Published:
Jan 9, 2026 2:27 PM
IST
