The NBFC stock has faced near-term pressure, with its share price slipping slightly over the past five sessions and declining about 4% over the last month.

Manappuram Finance, on Saturday, said that the company has received Reserve Bank of India (RBI) approval for the proposed acquisition of up to 41.66% of the company’s paid-up equity capital or convertible instruments by Bain Capital affiliates — BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.

Manappuram Finance said in a statement that the RBI approval, received on February 13, 2026, relates to the definitive agreements signed on March 20, 2025, under which Bain Capital had committed to invest about ₹4,385 crore to acquire an 18% stake on a fully diluted basis through a preferential allotment of equity shares and warrants at ₹236 per share.

The deal also triggers a mandatory open offer to acquire an additional 26% stake from public shareholders at ₹236 per share, in line with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company added.

Following the approval, Bain Capital will be designated as a promoter of the company and will exercise joint control over Manappuram Finance along with the existing promoters.

Depending on the level of subscription to the open offer, Bain Capital’s post-investment stake is expected to range between 18% and 41.7% on a fully diluted basis, including shares that may be issued upon warrant conversion.

Meanwhile, the existing promoters are expected to hold 28.9% post-investment on a fully diluted basis.

“With Bain Capital coming on board as a joint controlling shareholder, we are well-positioned to accelerate growth in our core segments, invest further in technology and risk management capabilities, and build a professionally managed, future-ready financial services company. It will also help us enhance and expand our branch network pan India,” Manappuram Finance MD and CEO V P Nandakumar said.

Manappuram Finance Q3 results 2025

Manappuram Finance delivered a mixed set of results for the December quarter on January 29, as profitability weakened despite stable topline growth.

The gold loan-focused NBFC reported a consolidated net profit of ₹381 crore for Q3, down 15.9% year-on-year (YoY) from ₹453 crore in the corresponding period last year. Net interest income (NII) was largely unchanged, slipping 0.9% YoY to ₹1,150 crore from ₹1,161 crore a year ago.

Manappuram Finance share price trend

On Friday, Manappuram Finance share price closed 2.11% lower at ₹302.15 apiece.

The NBFC stock has faced near-term pressure, with its share price slipping slightly over the past five sessions and declining about 4% over the last month.

Zooming out further, the multibagger NBFC stock has gained 13.16% in six months and 56.32% in last one year. Manappuram Finance shares have rallied over 75.46% in last five years.

The NBFC stock has proven to be a multibagger stock as it has given whopping 740% returns since its listing.

Manappuram Finance share price is listed on both NSE and BSE. The NBFC stock touched a 52-week high of ₹321.60 on January 7, 2026 and a 52-week low of ₹168.83 on February 14, 2025.

However, revenue from operations rose 6.5% YoY to ₹1,915.35 crore in the quarter, indicating steady business traction even amid pressure on margins.

The board also announced an interim dividend of ₹0.50 per equity share with a face value of ₹2 each. The record date to determine eligible shareholders has been set as Friday, February 6, 2026.