Manappuram Finance has officially denied recent media reports claiming that its deal with Bain Capital has encountered delays due to regulatory issues. The company issued a clarification to address market speculation surrounding the transaction.

Company's Official Response

The financial services company has categorically refuted reports suggesting regulatory hurdles are causing delays in the Bain Capital deal. This denial comes in response to market speculation that had emerged regarding the status of the transaction.

Market Clarification

By issuing this denial, Manappuram Finance aims to provide clarity to investors and stakeholders about the actual status of its dealings with Bain Capital. The company's statement directly addresses the concerns raised by earlier reports about potential regulatory complications.

Transaction Status

The official denial indicates that the company is taking steps to ensure accurate information reaches the market regarding its corporate developments. This clarification helps address any uncertainty that may have arisen from the earlier reports about deal delays.

Manappuram Finance Limited has strongly denied media reports suggesting that its proposed deal with Bain Capital-affiliated entities is facing delays due to regulatory concerns. The company issued a clarification on January 09, 2026, calling the reports "factually incorrect and speculative in nature."

Denial of Media Reports

The clarification was issued in response to queries from both NSE and BSE regarding a news item that appeared on Economic Times website on January 09, 2026, titled "Manappuram's Bain deal delayed by Indian regulatory concerns, sources say." The company categorically denied these claims and emphasized that the media report was inaccurate.

Transaction Details and Regulatory Status

The proposed transaction involves BC Asia Investments XIV Limited and BC Asia Investments XXV Limited, collectively referred to as the "Proposed Investors," acquiring joint control of Manappuram Finance Limited along with the existing promoters. The deal also covers the company's subsidiaries, including Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL).

Current Regulatory Position

The company confirmed that it has already received Reserve Bank of India (RBI) approval for change in management for both the parent company and its subsidiaries. Regarding the change of control application filed with RBI for the proposed transaction, Manappuram Finance stated that all necessary filings, including responses to clarifications sought by RBI, have been completed and submitted.

Company's Commitment to Transparency

Manappuram Finance emphasized its commitment to keeping stock exchanges updated on developments related to the proposed transaction. The company stated that final approval from RBI for the proposed transaction is pending and assured that it will provide timely updates as the regulatory process progresses.

The clarification was signed by Company Secretary Manoj Kumar VR and filed under Regulation 30 of SEBI (LODR) Regulations, 2015, which requires listed companies to disclose material information that could impact investor decisions.