Acquisitions2 April 2026 at 08:16 am
Manappuram Finance Ltd Open Offer for Acquisition of 26.00% Shares by BC Asia Investments XXV Limited
AI Summary
Kotak Mahindra Capital Company Ltd, as the Manager to the Offer, has submitted a Pre-Offer Advertisement for the acquisition of up to 24,42,27,387 fully paid-up equity shares of Manappuram Finance Ltd by BC Asia Investments XXV Limited and other PACs. The Offer Price is INR 236 per Equity Share, with an Applicable Interest of INR 12.29 per Equity Share. This Pre-Offer Advertisement is in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Manappuram Finance Ltd is the target company for acquisition by BC Asia Investments XXV Limited and other PACs.
- The Open Offer is for up to 24,42,27,387 fully paid-up equity shares, representing 26.00% of the expanded voting share capital of the target company.
- The Offer Price is INR 236 per Equity Share with an Applicable Interest of INR 12.29 per Equity Share.
- The Pre-Offer Advertisement is in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The Pre-Offer Advertisement will be published in Financial Express, Jansatta, Deepika, and Navshakti on April 2, 2026.