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 Limited 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 Limited, as at 17:14:27 on April 6, 2026
MANAPPURAM · price
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Bain Capital-backed entities (BC Asia Investments and PACs) are acquiring up to 26% stake in Manappuram Finance Limited through an open offer. The offer targets 24,42,27,387 fully paid-up equity shares of face value INR 2 each. As per the disclosure dated April 6, 2026, NIL equity shares have been tendered in the Open Offer Escrow Demat Account at Ventura Securities Limited. The tendered shares are subject to validation and verification, and the final accepted shares will be determined as per SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026.
This open offer by Bain Capital indicates a significant change in ownership structure for Manappuram Finance. The fact that no shares have been tendered yet suggests the offer is still in early stages, and shareholder response will determine the final outcome.