Manappuram Finance Limited announced the successful allotment of securities via a Preferential Issue on March 27, 2026. The Committee of Directors approved the allotment of 9.29 crore Equity Shares to Investor 1 at ₹236/- per share, aggregating to ₹2,192.47 crore. Additionally, the Committee allotted 9.29 crore Subscription Warrants to Investor 2, with 25% of the subscription amount already paid, amounting to ₹548.11 crore.
Outcome of Preferential Issue Committee Meeting
Manappuram Finance Limited confirmed the outcome of its Committee of Directors – Preferential Issue meeting held on March 27, 2026. Following receipt of requisite approvals, the committee sanctioned the allotment of securities through a private placement basis as detailed in the Securities Subscription Agreement dated March 20, 2025.
Allotment of Equity Shares (Investor 1)
The committee approved the allotment of 9,29,01,373 (Nine Crore Twenty Nine Lakh One Thousand Three Hundred and Seventy Three) fully paid-up Equity Shares to BC Asia Investments XXV Limited (“Investor 1”), a Mauritian entity.
- Face Value per Share: INR 2/- (Indian Rupees Two Only)
- Issue Price per Share: INR 236/- (Indian Rupees Two Hundred and Thirty Six Only)
- Total Aggregation: INR 2,192,47,24,028/- (Indian Rupees Two Thousand One Hundred Ninety Two Crore Forty Seven Lakh Twenty Eight Only)
Allotment of Subscription Warrants (Investor 2)
The committee also approved the allotment of 9,29,01,373 (Nine Crore Twenty Nine Lakh One Thousand Three Hundred and Seventy Three) warrants to BC Asia Investments XIV Limited (“Investor 2”), also a Mauritian entity. Each warrant grants the right to subscribe to one Equity Share at the same price of INR 236/-.
These warrants, termed “Subscription Warrants”, can be converted into shares during a period commencing after 4 months from the allotment date and concluding 18 months from the allotment date.
Payment Details for Warrants
As of the allotment date, Investor 2 has paid an initial amount of INR 5,48,11,81,007/- to the Company. This amount represents 25% of the aggregate warrants subscription amount. The balance amount will be payable upon the exercise and conversion of the Subscription Warrants.
Listing and Conclusion
The newly issued Subscription Shares and the resultant shares upon conversion of the Warrants will be listed on both the BSE Limited and the National Stock Exchange of India Limited.
The meeting of the Committee commenced at 11:00 A.M. (IST) and concluded at 11:14 A.M. (IST) on the date of the announcement.
Source: BSE
