Manappuram Finance Ltd. Approves Preferential Issue of Shares and Warrants
Manappuram Finance Limited announced that its Committee of Directors - Preferential Issue has approved the allotment of securities to investors via a preferential issue on a private placement basis. The approval followed receipt of approvals from the Reserve Bank of India (RBI), dated February 13, 2026, and letters dated March 18, 2026, to Asirvad Micro Finance Limited and Manappuram Home Finance Limited, subsidiaries of the Company.The company will issue 9,29,01,373 fully paid up equity shares to BC Asia Investments XXV Limited at a price of INR 236 per share, for a total consideration of INR 2192,47,24,028. Simultaneously, 9,29,01,373 warrants, each carrying the right to subscribe to one equity share at a price of INR 236 per warrant, will be issued to BC Asia Investments XIV Limited, also for a total consideration of INR 2192,47,24,028.
As of the allotment date, BC Asia Investments XIV Limited has paid INR 5,48,11,81,007 (representing 25% of the warrant subscription amount). The remaining amount will be paid upon exercise and conversion of the warrants.
The Subscription Shares and shares issued upon warrant conversion are expected to be listed on the BSE Limited and the National Stock Exchange of India Limited.
The Committee meeting commenced at 11:00 A.M. (IST) and concluded at 11:14 A.M. (IST).
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