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 17:35:24 on April 15, 2026.
MANAPPURAM · price
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Bain Capital (through multiple entities including BC Asia Investments XXIV, XXVII, XXI, Bain Capital Asia Fund V, and others) is acquiring up to 24,42,27,387 equity shares representing 26% of Manappuram Finance's expanded voting share capital from public shareholders. Kotak Mahindra Capital Company, acting as the Manager to the Open Offer, has disclosed that as of April 15, 2026, zero equity shares have been tendered in the Open Offer Escrow Demat Account with Ventura Securities Ltd. The disclosure is made under SEBI (SAST) Regulations and is subject to validation and verification of submitted documents before acceptance.
The open offer is still in early stages with no shares tendered yet. Bain Capital appears to be building a significant stake in Manappuram Finance, a gold loan NBFC. This could signal a potential change in control or substantial influence over the company, which typically generates shareholder interest and volatility.