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Manappuram Finance Limited ( (IN:MANAPPURAM) ) has shared an announcement.
Manappuram Finance Limited has clarified to stock exchanges that a media report claiming its proposed deal with Bain Capital entities has been delayed due to Indian regulatory concerns is factually incorrect and speculative. The company stated that the proposed investment by BC Asia Investments XIV Limited and BC Asia Investments XXV Limited, which entails acquisition of joint control with existing promoters over Manappuram Finance and its key subsidiaries, is progressing through the regulatory process, with Reserve Bank of India approval for the change in management already received for the parent company and two subsidiaries, and final RBI approval for change of control still pending but duly filed for, with no additional undisclosed information required under SEBI disclosure norms at this stage.
More about Manappuram Finance Limited
Manappuram Finance Limited is a non-banking financial company (NBFC) operating in India, primarily engaged in providing gold loans and other retail lending products through its subsidiaries, including microfinance via Asirvad Micro Finance Limited and housing finance via Manappuram Home Finance Limited. The company focuses on serving retail and underserved segments across India through its diversified lending portfolio.
Average Trading Volume: 245,716
Technical Sentiment Signal: Buy
Current Market Cap: 270.7B INR
For an in-depth examination of MANAPPURAM stock, go to TipRanks’ Overview page.