Kotak Mahindra Capital Company has released an update regarding the open offer for Manappuram Finance Limited. As of April 10, 2026, no equity shares have been tendered into the designated escrow demat account. The acquisition plan aims to secure up to 24,42,27,387 fully paid-up equity shares, representing 26.00% of the company’s expanded voting share capital.
Status of Equity Tendering
Following the formal initiation of the open offer process, market participants were invited to tender their holdings. As of the latest status check on April 10, 2026, the official escrow demat account—managed through Ventura Securities Limited—reports that nil equity shares have been tendered by public shareholders to date.
Open Offer Details
The acquisition, led by various investment entities, seeks to acquire up to 24,42,27,387 equity shares, which accounts for 26.00% of the expanded voting share capital of Manappuram Finance Limited. All shares submitted by shareholders are subject to rigorous validation and verification procedures to ensure compliance with the terms defined in the offer documentation.
Next Steps for Shareholders
The acquisition entities continue to move forward with the process as outlined. While the initial report shows zero shares tendered, the process remains open. Any shares submitted by shareholders must meet all specified document requirements to be deemed “validly tendered” and accepted by the acquiring group. Further updates will be provided as the tendering window progresses.
Source: BSE
