Non Banking Financial Company (NBFC)
Acquisitions28 March 2026 at 12:11 pm

Manappuram Finance Ltd Receives Disclosure under SEBI SAST Regulations from BC Asia Investments XXV Limited and BC Asia Investments XIV Limited

AI Summary

Manappuram Finance Ltd has received a disclosure under Regulation 18(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from BC Asia Investments XXV Limited and BC Asia Investments XIV Limited. The disclosure pertains to the allotment of 9,29,01,373 equity shares to Investor 1 and 9,29,01,373 warrants to Investor 2. The allotment is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and a securities subscription agreement dated March 20, 2025. The open offer for acquisition of up to 24,42,27,387 equity shares of the Target Company from its public shareholders by Investor 1 is yet to be completed.

Key Highlights

  • Manappuram Finance Ltd received a disclosure under Regulation 18(6) of the SEBI SAST Regulations from BC Asia Investments XXV Limited and BC Asia Investments XIV Limited
  • BC Asia Investments XXV Limited has been allotted 9,29,01,373 equity shares of Manappuram Finance Limited
  • BC Asia Investments XIV Limited has been allotted 9,29,01,373 warrants of Manappuram Finance Limited
  • The allotment is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • The open offer for acquisition of up to 24,42,27,387 equity shares of the Target Company from its public shareholders by Investor 1 is yet to be completed