BC Asia Investments Acquired Shares in Manappuram Finance Ltd, Assume Promoter Status
BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, jointly known as the Acquirers, have disclosed details regarding their acquisition of shares in Manappuram Finance Ltd. The acquisition results in the Acquirers becoming promoters of the Target Company, alongside the Existing Promoters.The acquisition was effective as of April 21, 2026. The Acquirers’ stake was established through the allotment of Subscription Shares and Subscription Warrants. Following this acquisition, the Specified Promoter and Promoter Group cumulatively hold 29,84,01,014 equity shares of Manappuram Finance Ltd., representing 31.77% of the total share/voting capital and 28.91% of the total diluted share/voting capital of the Target Company.
The management of the Target Company, alongside the Existing Promoters, is guided by agreements entered into by the Acquirers with V. P. Nandakumar, Sushama Nandakumar, Sumitha Nandan, Suhas Nandan, and Sooraj Nandan (the Specified Promoter and Promoter Group).
Acquisition Details of Manappuram Finance Ltd
The transaction involved significant changes in the equity structure of Manappuram Finance Ltd. The total share capital of the Target Company before the acquisition stood at 93,93,36,102 equity shares of face value INR 2 each. After the acquisition, this figure remained 93,93,36,102 equity shares. The total diluted share/voting capital of the Target Company was 1,03,22,37,475 equity shares.The detailed holding and acquisition figures are presented below:
| Metric | Before Acquisition Holding | After Acquisition Holding |
|---|---|---|
| Target Company Total Diluted Capital | 1,03,22,37,475 equity shares | 1,03,22,37,475 equity shares |
| Acquirers’ Total Holding (A+B+C+D) | 18,58,02,746 shares | 18,58,02,746 shares |
| Acquirers’ Holding (% of Total Share/Voting Capital) | 9.89% | 9.89% |
| Acquirers’ Holding (% of Total Diluted Share/Voting Capital) | 9.00% | 9.00% |
For a comprehensive view of the shares, the table below summarizes the before and after positions:
| Component | Before Acquisition | After Acquisition |
|---|---|---|
| Shares carrying voting rights | 9,29,01,373 | 9,29,01,373 |
| Shares in the nature of encumbrance | NIL | NIL |
| Voting rights (VR) otherwise than by shares | NIL | NIL |
| Warrants/convertible securities | 9,29,01,373 | 9,29,01,373 |
| Total | 18,58,02,746 | 18,58,02,746 |
MANAPPURAM Stock Price Movement
On Wednesday, Manappuram Finance Limited shares edged higher, gaining 4.51% and closing at ₹295.05. The stock saw high trading volume of 10.98 million shares, having ranged between ₹281.3 and ₹302.45 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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