Manappuram Finance Limited has allotted 9,29,01,373 equity shares and an equal number of warrants to BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, respectively. The allocation was made during the meeting of the Committee of Directors – Preferential Issue held on 27 March 2026.
The equity shares and warrants were issued at a price of ₹236 each. This move is part of a broader securities subscription agreement dated 20 March 2025, involving the investors and key stakeholders of Manappuram Finance, including V. P. Nandakumar, Sushama Nandakumar, Sumitha Nandan, Suhas Nandan, and Sooraj Nandan.
The allotment is also in line with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuance is pending the completion of an open offer for acquiring up to 24,42,27,387 equity shares of Manappuram Finance from its public shareholders by BC Asia Investments XXV Limited and other identified persons acting in concert.
The disclosure under Regulation 18(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that BC Asia Investments XXV Limited and BC Asia Investments XIV Limited have been recognised as the acquirers.
The equity shares allotted to BC Asia Investments XXV Limited represent 9.89% of the current equity share capital of Manappuram Finance and 9.00% on a fully diluted basis. Similarly, the warrants allotted to BC Asia Investments XIV Limited also represent 9.00% of the share capital on a fully diluted basis.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).