Bain Capital launches open offer for Manappuram Finance shares

BC Asia Investments XXV Limited, alongside several affiliated entities (the "PACs"), has launched an open offer to acquire up to 24,42,27,387 equity shares of Manappuram Finance, representing 26% of the company's expanded voting share capital, for INR 236 per share. This move follows a securities subscription agreement (SSA) and shareholders’ agreement (SHA) executed on March 20, 2025, which detail a preferential issue of shares and warrants to BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, respectively. Upon completion of the open offer, Bain Capital will acquire and exercise control, thus becoming promoters of the company along with the existing promoters.