New Delhi, March 18 Bain Capital has received approval from the RBI for joint management control of Manappuram Finance and its subsidiaries following the acquisition of a stake in the gold loan firm.Following the proposed acquisition of up to 41.66 per cent stake in Manappuram Finance, its...
Mumbai, March 13 The Reserve Bank of India has imposed a penalty of ₹2.70 lakh on Manappuram Finance for deficiencies in regulatory compliance.Based on the supervisory findings of non-compliance with RBI directions and related correspondence, a notice was issued to the company advising it to...
New Delhi, February 14 Gold loan financier Manappuram Finance said on Saturday that it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition of up to 41.66 per cent of the company's paid-up equity capital/convertible instruments by affiliates of Bain...
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