Kotak Mahindra Capital Company ltd has informed the Exchange that in relation to the Open Offer Nil Equity Shares, have been tendered in the Open Offer Escrow Demat Account namely "MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT" opened with Ventura Securities Ltd bearing depository participant identification number IN303116 and the client identification number 15544837 , as per Open Offer Escrow Demat Account statement received by the Manager to the Open Offer from Ventura Securities Ltd, as at 16:57:53 on April 13, 2026.
MANAPPURAM · price
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Kotak Mahindra Capital Company, acting as the Manager to the Open Offer, has disclosed that as of April 13, 2026 at 16:57:53, NIL equity shares have been tendered in the open offer escrow demat account for Manappuram Finance Limited. The open offer is being made by BC Asia Investments Xxy Limited along with several PACs including Bain Capital entities, to acquire up to 24,42,27,387 fully paid-up equity shares representing 26.00% of the Expanded Voting Share Capital. The disclosure clarifies that shares tendered are subject to validation and verification, and the number of shares validly tendered may differ from those ultimately accepted by the acquirer. This appears to be an early-stage disclosure as the offer period may have just commenced.
Zero shares tendered at this stage is normal for the beginning of an open offer window. This is a procedural disclosure and does not indicate any concern about the offer's success or failure. Shareholders have a window to tender their shares in accordance with the Letter of Offer dated March 25, 2026.