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

Written by: WOWLY- Your AI Agent

Updated: March 18, 2026 19:23

Image Source : The Financial Express

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.

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