Public Shareholders Tender Equity Shares in Manappuram Finance Open Offer
On April 10, 2026, information was received regarding the tendering of equity shares from public shareholders concerning the Open Offer for Manappuram Finance Ltd. The Open Offer involved the acquisition of up to 24,42,27,387 fully paid up equity shares of the company, representing 26.00% of the Expanded Voting Share Capital.The shares being offered pertain to Manappuram Finance Ltd., with a face value of INR 2 per share. The tender process was executed through the Open Offer Escrow Demat Account held with Ventura Securities Limited.
As per the statement received by the Manager to the Open Offer from Ventura Securities Limited as of 16:49:30 on April 10, 2026, certain equity shares were tendered in the Open Offer Escrow Demat Account identified as "MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT."
The Open Offer was being conducted by BC Asia Investments XXV Limited, alongside several other entities acting in concert, including:
- BC Asia Investments XIV Limited
- BC Asia Investments XXIV Limited
- BC Asia Investments XXVI Limited
- BC Asia Investments XXI Limited
- Bain Capital Asia Fund V, L.P.
- BC Asia V CTB Investors, L.P.
- BC Asia V Private Investors, L.P.
The tendered equity shares are subject to validation and verification of the complete set of applicable documents and are subject to acceptance in accordance with the SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026. The number of equity shares tendered by the public shareholders may differ from the number that will ultimately be accepted by the Acquirer in the Open Offer.
MANAPPURAM Stock Price Movement
Today, Manappuram Finance Limited shares edged higher to close at ₹267.6, marking a solid 1.58% gain for the day. The stock traded on robust activity, with total volume reaching 3.54 million shares.Source:
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