Non Banking Financial Company (NBFC)
Acquisitions30 March 2026 at 07:13 am

Manappuram Finance Ltd Receives Disclosure for BC Asia Investments XXV Ltd & Others' Substantial Acquisition of Shares & Takeovers

AI Summary

The Exchange has received a disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Manappuram Finance Ltd. BC Asia Investments XXV Limited ('Investor 1') has been allotted 9,29,01,373 equity shares and BC Asia Investments XIV Limited ('Investor 2') has been allotted 9,29,01,373 warrants of Manappuram Finance Ltd. The allotment is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the 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 is pending. The disclosure was made by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited pursuant to Regulation 18(6) of the SEBI (SAST) Regulations, 2011.

Key Highlights

  • Manappuram Finance Ltd receives disclosure for BC Asia Investments XXV Ltd & Others' substantial acquisition of shares & takeovers.
  • BC Asia Investments XXV Limited has been allotted 9,29,01,373 equity shares and BC Asia Investments XIV Limited has been allotted 9,29,01,373 warrants of Manappuram Finance Ltd.
  • The allotment is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the securities subscription agreement dated March 20, 2025.
  • An open offer for acquisition of up to 24,42,27,387 equity shares of the Target Company is pending.
  • The disclosure was made by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited pursuant to Regulation 18(6) of the SEBI (SAST) Regulations, 2011.