Manappuram Finance Rebounds After Debunking RBI Deal Delay Rumors
Overview
Manappuram Finance clarified media reports falsely stating RBI delays Bain Capital's acquisition. The gold financier's stock, which plunged 10% Friday, January 9, 2026, recovered Monday, January 12, 2026. The company confirmed filings are made, awaiting final central bank approval for the deal.
Stocks Mentioned
Deal Clarification
Manappuram Finance shares climbed Monday, January 12, 2026, after the company issued a strong clarification regarding speculative media reports about the Reserve Bank of India delaying Bain Capital's acquisition. The denial followed a sharp sell-off on Friday, January 9.
Market Reaction
Shares of Manappuram Finance Ltd. rose 2.85% to ₹294 apiece around 9:30 am IST on Monday. The stock had previously tumbled as much as 10% on Friday after Reuters reported, citing sources, that the RBI had raised objections to Bain Capital's plans to acquire a controlling stake in the company. The stock recovered from intraday lows Friday but closed the session with losses of over 7%. Over the past year, Manappuram Finance shares have gained 71.5%.
Next Steps
Market sentiment soured Friday on the unsubstantiated news, leading to significant investor apprehension and a broad sell-off in Manappuram Finance stock. The company's swift and direct denial, coupled with confirmation that all necessary filings are complete and awaiting final central bank approval, helped to restore investor confidence and drive the recovery. Manappuram Finance stated it has provided regular updates to regulators concerning the proposed investment and acquisition of joint control by BC Asia Investments XIV Ltd. and BC Asia Investments XXV Ltd.
