Bain Capital Open Offer for Manappuram Finance 26%

BC Asia Investments XXV (Bain Capital) launches mandatory open offer for 26% of Manappuram Finance at INR 236 plus INR 12.29 interest per share.
Maximum total consideration is INR 6,063.92 crore; tendering period runs April 6–20, 2026 with MUFG Intime India as Registrar to the Offer.
Underlying transaction involves preferential allotment of 9.29 crore equity shares to Acquirer and 9.29 crore warrants to PAC 1, both at INR 236 per share.
SEBI directed 10% p.a. interest for 190-day delay in offer commencement due to late receipt of RBI approvals in March 2026.