Manappuram Finance Limited (BSE:531213) acquired an additional 2.72% stake in Asirvad Microfinance Limited from S.V.Raja Vaidyanathan for approximately INR 400 million on July 21, 2021. Under the terms, Manappuram Finance acquired 1,451,978 equity shares of Asirvad Microfinance for INR 272.35 per share by way of exercising call option. Post acquisition Manappuram Finance Limited will hold 97.51% stake in Asirvad Microfinance Limited. Manappuram Finance Limited (BSE:531213) completed an additional 2.72% stake in Asirvad Microfinance Limited from S.V.Raja Vaidyanathan on July 21, 2021.