Manappuram Finance Limited has secured final approval from the Reserve Bank of India (RBI) for an 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 a proposed acquisition involving up to 41.66% of the company’s paid-up equity capital.
The approval from the RBI, dated 18 March 2026, allows the completion of the open offer by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited. The RBI has waived the minimum 30-day public notice period, facilitating a smoother transition.
This regulatory nod is contingent upon specific conditions set by the RBI, as previously disclosed by Manappuram Finance in February 2026. The company has updated its website with this information in compliance with SEBI regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).