Manappuram's Bain deal delayed by Indian regulatory concerns, sources say

The Reserve Bank of India has raised objections to Bain Capital's plan to acquire a controlling stake in Manappuram Finance. This is because Bain Capital already has a controlling interest in another Indian lender, Tyger Capital. The RBI frowns on investors controlling multiple lenders. Bain Capital is exploring a phased divestment in Tyger Capital to address these concerns.