Please find attached the Announcement under Regulation 30 of LODR Regs._Updates
Awaiting price reaction for this filing.
Manappuram Finance is investing up to Rs. 500 crores in its subsidiary Asirvad Micro Finance Limited (AMFL) through a rights issue of up to 8.33 crore equity shares at a face value of Rs. 10 each. The issue price is Rs. 60 per share, including a premium of Rs. 50 per share. The company is correcting its earlier May 9, 2025 announcement, which had mistakenly stated the issue price as Rs. 93 per share. The investment had received in-principle board approval earlier, and the Audit Committee has now finalised the terms. All other disclosures from the May 9 board meeting outcome remain unchanged.
This is a clarification, not a new development. The corrected lower issue price (Rs. 60 vs. earlier Rs. 93) means Manappuram gets more shares for the same Rs. 500 crore investment in its microfinance subsidiary. For shareholders, this reinforces the parent's continued capital support for AMFL's growth, with no change in the overall investment size.