Shareholding21 Apr 2026, 05:11 pm
Manappuram: BC Asia Investments Gains Control Post Open Offer
AI Summary
Following the conclusion of the open offer period on April 20, 2026, with 'NIL' tenders, BC Asia Investments XXV Limited and BC Asia Investments XIV Limited (collectively, the "Investors") have acquired control of Manappuram Finance Limited. This acquisition occurred after the completion of a preferential issue of equity shares and warrants to the Investors on March 27, 2026. The Investors are now promoters of the company along with the existing promoters, as per the securities subscription agreement and shareholders’ agreement dated March 20, 2025.
Key Highlights
- BC Asia Investments acquired control of Manappuram Finance on April 21, 2026.
- The acquisition follows a 'NIL' tender open offer concluded on April 20, 2026.
- Preferential issue of shares and warrants to BC Asia Investments completed on March 27, 2026.
- BC Asia Investments now promoters alongside existing promoters.
- Acquisition terms governed by SSA, SHA, and Listing Regulations.