Non Banking Financial Company (NBFC)
Open Offer10 April 2026 at 01:01 pm

Manappuram Finance: Nil shares tendered in Open Offer

AI Summary

Kotak Mahindra Capital Company Ltd, Manager to the Open Offer for Manappuram Finance Ltd, has reported that "Nil Equity Shares" were tendered into the Open Offer Escrow Demat Account as of April 10, 2026. This disclosure specifically reflects dematerialized shares submitted by Public Shareholders. The company clarified that all tendered shares are subject to further validation and verification of complete documentation. Only "validly tendered" shares will be accepted in accordance with SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026. The final number of accepted shares may differ from the initially tendered amount after validation.

Key Highlights

  • No shares tendered in Manappuram Finance's Open Offer as of April 10, 2026.
  • Disclosure reflects dematerialized shares from public shareholders.
  • Tendered shares are subject to validation and verification of documents.
  • Final acceptance will adhere to SEBI regulations and Letter of Offer.