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Manappuram stock tumbles after RBI raises objections to deal
Manappuram shares dropped sharply after RBI objections to Bain Capital’s acquisition plans raised regulatory and strategic uncertainty concerns.
Manappuram Finance shares plunged sharply after reports that the RBI raised objections to Bain Capital’s proposed acquisition plans. The development sparked concerns around regulatory approval timelines and strategic uncertainty. Investors reacted negatively as clarity on ownership structure and capital support came into question.