Manappuram Finance Sees Tenders for Open Offer Shares
On April 8, 2026, details regarding shares tendered in the Open Offer for Manappuram Finance Ltd were noted. The Open Offer concerned the acquisition of up to 24,42,27,387 fully paid up equity shares of face value of IN 2, representing 26.00% of the Expanded Voting Share Capital of Manappuram Finance Limited.The tender details pertain to the Open Offer Escrow Demat Account held with Ventura Securities Limited. As per the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer from Ventura Securities Limited as of 17:03:50 on April 8, 2026, the details of the shares tendered were noted.
The transaction involved the Public Shareholders tendering Equity Shares in the Open Offer Escrow Demat Account. The number of Equity Shares tendered by the Public Shareholders may differ from the number of Equity Shares that will be accepted by the Acquirer in the Open Offer.
The Open Offer for acquisition of the shares involved the following parties:
- Acquirer: BC Asia Investments XX V Limited
- Participants: BC Asia Investments XIV Limited (PAC 1), BC Asia Investments XXIV Limited (PAC 2), BC Asia Investments XXVI Limited (PAC 3), BC Asia Investments XXI Limited (PAC 4), Bain Capital Asia Fund V, L.P. (PAC 5), BC Asia V CTB Investors, L.P. (PAC 6), and BC Asia V Private Investors, L.P. (PAC 7).
The tender information was reported based on the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer from Ventura Securities Limited. The recognized shares tendered are subject to validation and verification of the submission of complete documents.
MANAPPURAM Stock Price Movement
As of 2:01 PM, shares of Manappuram Finance Limited are shedding 2.28% in live trading, currently trading at ₹263.4. The stock is seeing considerable movement, with 2.75 million shares transacted so far.Source:
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