Manappuram Finance Limited (BSE:531213) agreed to acquire Manappuram Insurance Brokers Private Limited for INR 15.5 million on August 14, 2015. The transaction is subject to approval of RBI and IRDA. Board of Directors of Manappuram Finance approved the transaction on August 14, 2015. Insurance Regulatory and Development Authority of India approved the transaction on December 18, 2015.

Manappuram Finance Limited (BSE:531213) completed the acquisition of Manappuram Insurance Brokers Private Limited on January 1, 2016.