Kotak Mahindra  Capital Company Ltd has submitted to  the Exchange a copy of Pre-offer advertisement in accordance with Regulation 18(7) of the SEBI (SAST) Regulations, 2011, and Subsequent amendments thereto, and corrigendum to the detailed public statement and addendum to the letter of offer with respect to the open offer, for the attention of the public shareholders of the company.

Bain Capital (through BC Asia Investments XXV Limited and Persons Acting in Concert) is making a mandatory open offer to acquire up to 24.42 crore equity shares (26% of expanded voting capital) of Manappuram Finance Limited at INR 236 per share. The offer also includes an additional INR 12.29 per share as Applicable Interest due to a 190-day delay in payment directed by SEBI. The maximum offer consideration is approximately INR 6,064 crore. The Independent Directors Committee has approved the offer as fair and reasonable, noting the price matches the negotiated rate under the securities subscription agreement and exceeds the 60-day volume-weighted average market price of INR 194.57. However, the committee highlighted that current market prices (NSE: INR 262.35) are higher than the offer price. All major statutory approvals including RBI, CCI, and IRDAI have been received.