Archive · 12 Jan 2026
Manappuram Finance shares rise after RBI deal clarification
Manappuram Finance's share price went up by 4.5% on January 12, 2025, after the company said that news reports about the RBI delaying a deal with Bain Capital were not true.
The company explained that it had been giving updates about the deal and was waiting for the RBI's final approval.
The share price had dropped earlier because of the reports.
The company's shares did well in 2024, going up by 65%, partly because gold prices were high.
Experts say that gold loan companies like Manappuram Finance are doing well because of strong demand and good collateral values from high gold prices.
Manappuram Finance's share price surged 4.5% on January 12, 2025, after clarifying that media reports about RBI objections to Bain Capital's deal were incorrect.
The company denied reports that the RBI had delayed Bain Capital's plans to acquire a controlling stake, stating that the necessary filings had been made and final approval was pending.
Shares had fallen nearly 8% on January 9, 2025, following the initial media reports.
The company has been providing regular updates to stock exchanges regarding the proposed investment and management changes.
Manappuram Finance's shares gained 65% in 2024, coinciding with a rally in gold prices, which positively impacted gold loan lenders.
- Who
- Manappuram Finance, Bain Capital, Reserve Bank of India (RBI)
- What
- Share price rally following clarification on Bain Capital deal reports
- When
- January 12, 2025 (clarification issued on January 9, 2025)
- Where
- India (stock exchanges and regulatory filings)
- Why
- Clarification denied media reports of RBI objections to Bain Capital's stake acquisition, and volatility in gold prices
- Company
- Manappuram Finance
- Share Price Change
- 4.5% increase
- Date of Clarification
- January 9, 2025
- Investor
- Bain Capital
- Regulatory Body
- Reserve Bank of India (RBI)
- Yearly Performance
- 65% gain in 2024
- Sector Impact
- Gold loan NBFCs