Kotak Mahindra Capital Company, acting as the manager to the open offer, has provided a status update regarding the acquisition process for Manappuram Finance Limited. As of April 9, 2026, the official escrow demat account shows that nil equity shares have been tendered by public shareholders. The acquisition remains subject to standard validation and verification of documents.
Current Status of Tendered Shares
Following the open offer announcement for the acquisition of up to 24,42,27,387 fully paid-up equity shares—representing 26.00% of the expanded voting share capital of Manappuram Finance Limited—an update has been released regarding the current progress of share tendering. The records as of April 9, 2026, indicate that zero shares have been deposited into the designated escrow demat account managed by Ventura Securities Limited.
Next Steps in the Acquisition Process
The acquisition, led by BC Asia Investments XXV Limited along with several other entities acting in concert, remains subject to the verification of all submitted documentation. All shares tendered by public shareholders must undergo a formal validation process to ensure compliance with the terms established in the Letter of Offer dated March 25, 2026. Final acceptance of any equity shares remains dependent upon the successful completion of these mandatory validation procedures.
Source: BSE
