Manappuram Finance Limited — Important, 04-04-2025: Updates

BC Asia Investments XXV Limited, along with its PACs, is making an open offer to acquire up to 24,42,27,387 equity shares of Manappuram Finance Limited at INR 236 per share. This represents 26% of the expanded voting share capital. The total consideration is approximately INR 5764 Cr. The open offer is part of a strategy to extend control over the target company and position it for future growth, particularly in gold loans and other segments. The Acquirer intends to strengthen the balance sheet and build a professional management team.

Investors should monitor the acceptance levels closely, as shares validly tendered may be accepted on a proportionate basis if tenders exceed the offer size. The offer opens on May 20, 2025, and closes on June 2, 2025, with payment processing expected within 10 working days after closure. Shareholders should ensure their shares are dematerialized and ready for the tendering process, while the Acquirer prepares for necessary compliance under SEBI regulations.

Public shareholders are advised to ensure they have all requisite approvals, particularly if they are non-residents or holding shares in physical form, to avoid any complications during the tendering process.