RBI clears change in control for Manappuram Finance subsidiaries
Approval enables Bain Capital deal subject to conditions
Change
India’s RBI approved Bain Capital’s indirect change in control of Manappuram Finance subsidiaries with conditions attached.
Why it matters
The approval is contingent on compliance with ownership restructuring requirements, delaying full transaction execution until conditions are met.
Implications
- — Transaction completion depends on regulatory conditions — timelines uncertain
- — Governance changes delayed — capital infusion contingent
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