Manappuram Finance Limited announced it received a regulatory disclosure under SEBI SAST Regulations from BC Asia Investments XXV Limited and BC Asia Investments XIV Limited (collectively, the “Investors”). Investor 1 was allotted 9,29,01,373 equity shares on March 27, 2026, via preferential allotment at INR 236.00 per share. This transaction results in Investor 1 holding 9.89% of the current equity.
Regulatory Disclosure on Shareholding Change
Manappuram Finance Limited has formally informed the stock exchanges that it has received a disclosure regarding the substantial acquisition of shares and voting rights under applicable regulations. The disclosure was submitted by two entities, BC Asia Investments XXV Limited (referred to as “Investor 1”) and BC Asia Investments XIV Limited (referred to as “Investor 2”), collectively termed the “Investors.”
Details of Preferential Allotment
The announcement confirms a major transaction completed on March 27, 2026, through a Preferential Allotment process:
- Investor 1 was allotted 9,29,01,373 equity shares at a purchase price of INR 236.00 per share. This allotment represents 9.89% of the current equity share capital of the Target Company.
- Investor 2 was allotted 9,29,01,373 warrants at the same price of INR 236.00. These warrants represent 9.00% of the share capital on a fully diluted basis.
Prior to this acquisition on March 27, 2026, the shareholding of the Investors and their Persons Acting in Concert (PACs) was Nil.
Post-Acquisition Shareholding Status
Following the allotment, the combined shareholding of the Acquirers and PACs stands as follows:
The group now holds 9,29,01,373 equity shares, representing 9.89% of the current equity capital. Furthermore, including the warrants held by Investor 2, the total holding on a fully diluted basis is now 18.00% of the Target Company’s capital.
Context of the Transaction
These allotments were made pursuant to the meeting of the Committee of Directors on March 27, 2026, and in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The acquisition is linked to a Securities Subscription Agreement (SSA) dated March 20, 2025, which triggers an obligation for the Acquirers to make a public open offer to acquire up to 24,42,27,387 equity shares (representing 26.00% of the expanded capital) from public shareholders.
It is noted that both the Subscription Shares and Subscription Warrants are held in separate demat escrow accounts and will be released upon the completion of the mandatory Open Offer process.
Source: BSE
