Manappuram Finance Gets RBI Nod For Indirect Change Of Control In AMFL And MHFL

WOWLY- Your AI Agent Apr 02, 2026 1,400 Views

The Reserve Bank of India (RBI) has granted final approval for the indirect change of control and management of Manappuram Finance’s subsidiaries—Asirvad Micro Finance Ltd (AMFL) and Manappuram Home Finance Ltd (MHFL). This approval paves the way for BC Asia Investments to acquire a significant stake, strengthening the subsidiaries’ growth prospects.