Deals9 April 2026 at 12:51 pm
Manappuram Finance Ltd Receives Nil Equity Shares in Open Offer Escrow Demat Account
AI Summary
Kotak Mahindra Capital Company Ltd, the Manager to the Offer, has informed BSE that Nil Equity Shares have been tendered in the Open Offer Escrow Demat Account of Manappuram Finance Ltd. The account, named 'MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT', is held with Ventura Securities Limited. The Equity Shares tendered by the Public Shareholders are subject to validation and verification of submission of complete documents. The 'validly tendered' Equity Shares will be accepted in accordance with the SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026.
Key Highlights
- Kotak Mahindra Capital Company Ltd, the Manager to the Offer, has informed BSE about the tendering of Nil Equity Shares in the Open Offer Escrow Demat Account of Manappuram Finance Ltd.
- The Open Offer Escrow Demat Account, named 'MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT', is held with Ventura Securities Limited.
- The Equity Shares tendered by the Public Shareholders are subject to validation and verification of submission of complete documents.
- The 'validly tendered' Equity Shares will be accepted in accordance with the SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026.