Manappuram Finance Limited has provided an update regarding the open offer initiated by BC Asia Investments and its concert parties. As of April 8, 2026, it has been confirmed that nil equity shares have been tendered in the designated escrow demat account. The acquisition involves up to 24,42,27,387 shares, representing 26.00% of the expanded voting share capital of the target company.
Status of Equity Tenders
Following the open offer announcement by BC Asia Investments XXV Limited and its associated entities, the company has clarified the current status of share submissions. According to the data received from the escrow demat account manager, there have been zero (nil) equity shares tendered by public shareholders as of the close of business on April 8, 2026.
Open Offer Details
The acquisition process targets up to 24,42,27,387 fully paid-up equity shares, which accounts for 26.00% of the expanded voting share capital of Manappuram Finance Limited. All shares that may be tendered by public shareholders in the future are subject to rigorous validation and verification procedures to ensure compliance with the established terms and conditions of the offer.
Validation and Verification
The company maintains that the figures provided reflect only those shares currently held in the dematerialized escrow account. Any future submissions from public shareholders will undergo a standard review process to confirm that all required documentation is complete and accurate before being formally accepted by the acquirers.
Source: BSE
