In a regulatory filing, Manappuram Finance addressed a news report in The Economic Times dated January 9, 2026, titled “Manappuram’s Bain deal delayed by Indian regulatory concerns, sources say”.
Manappuram clarified that it has been regularly updating stock exchanges regarding the proposed investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited, entities affiliated with Bain Capital. The proposed transaction involves Bain acquiring joint control in Manappuram Finance along with the existing promoters, including control over its subsidiaries Asirvad Micro Finance Limited (AMFL) and Manappuram Home Finance Limited (MHFL).
The company highlighted that it has already received Reserve Bank of India (RBI) approval for change in management for Manappuram Finance in September 2025, and earlier approvals for AMFL and MHFL in August 2025. Regarding the remaining approval related to change of control, Manappuram said all required applications and responses to RBI queries have been duly submitted, and final regulatory approval is currently awaited.
The management assured investors that it will promptly inform stock exchanges once the final RBI approval is received. It also confirmed that there is no additional information pending disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
The clarification helped ease investor concerns, leading to a positive market reaction and pushing the stock higher during the session.
Over the past one year, Manappuram Finance stock has gained around 64%, currently trading near its 52-week high of Rs 321.60, reflecting strong investor interest.Valuation metrics indicate that the stock is trading at a price-to-earnings ratio of 58.33, a price-to-sales ratio of 1.97, and a price-to-book ratio of 2.1, suggesting that while the stock has seen significant price appreciation, it is relatively richly valued compared to earnings.
From a technical perspective, according to Trendlyne data, the 14-day Relative Strength Index is at 41.9, which is within the neutral range. An RSI below 30 is considered oversold, while above 70 is overbought.
The stock also shows bullish momentum on moving averages, as it is currently trading above five of its eight simple moving averages, indicating an overall positive trend in price movement.
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