Manappuram Finance Limited has provided an update regarding the ongoing open offer process for its equity shares. As of April 7, 2026, no equity shares have been tendered in the designated escrow demat account. The company clarified that all shares submitted for the offer remain subject to strict validation and verification processes as per the established guidelines for the transaction.
Current Status of Tendered Shares
Following the public announcement of the open offer, the company has confirmed that there are nil equity shares currently tendered in the designated Escrow Demat Account. This account, managed for the purpose of the acquisition of up to 24,42,27,387 equity shares, remains open to receive valid submissions from public shareholders.
Validation and Verification Process
The company emphasized that the data provided reflects shares held in dematerialized form as of April 7, 2026. It is important to note that the final tally of shares accepted by the acquirer—which includes BC Asia Investments XXV Limited, BC Asia Investments XIV Limited, and other affiliated entities—will be determined only after a thorough validation and verification of all submitted documentation.
Important Considerations for Shareholders
Shareholders are advised that the current status of tendered shares is subject to change based on further submissions. The number of shares ultimately accepted under the open offer may differ from initial reports, depending on the successful completion of the document verification process by the relevant managers and administrators overseeing the offer.
Source: BSE
