Acquisitions30 March 2026 at 07:36 am
BC Asia Investments XXV Ltd Acquires 9.89% Stake in Manappuram Finance Ltd via Preferential Allotment
AI Summary
BC Asia Investments XXV Ltd, along with its Persons Acting in Concert (PACs), has acquired a 9.89% stake in Manappuram Finance Ltd. The acquisition was made through a preferential allotment of 9,29,01,373 equity shares and 9,29,01,373 warrants to Investor 1 and Investor 2, respectively. The equity shares were acquired at a price of INR 236/- per share, while the warrants were acquired at the same price, each carrying a right to subscribe to 1 equity share of the Target Company. The warrants can be exercised and converted into equity shares during the period commencing from the expiry of 4 (four) months from the date of allotment till 18 (eighteen) months from the date of allotment.
Key Highlights
- BC Asia Investments XXV Ltd acquires 9.89% stake in Manappuram Finance Ltd
- Acquisition made through preferential allotment of equity shares and warrants
- 9,29,01,373 equity shares acquired at INR 236/- per share
- 9,29,01,373 warrants acquired, each carrying a right to subscribe to 1 equity share
- Warrants can be exercised and converted into equity shares from 4 to 18 months from the date of allotment