Manappuram Finance Limited (BSE:531213) agreed to acquire Manappuram Comptech and Consultants Limited for INR 9.9 million on March 20, 2019. Under the terms of the transaction, Manappuram Finance Limited agreed to acquire 0.03 million shares of Manappuram Comptech and Consultants at INR 365.37 per share. Post completion, Manappuram Comptech and Consultants will become a wholly owned subsidiary of Manappuram Finance Limited. Manappuram Comptech and Consultants Limited reported a turnover of INR 59.9 million for the period ended on March 31, 2018. The transaction has been approved by the board of Manappuram Finance Limited and does not require a written approval from the RBI. The transaction is expected to be completed within 3 months, by June 30, 2019. Manappuram Finance Limited (BSE:531213) completed the acquisition of 81.07% stake in Manappuram Comptech and Consultants Limited for INR 8.03 million on April 1, 2019. Under the terms, Manappuram Finance acquired 0.02 million shares of Manappuram Comptech and Consultants. Manappuram Finance Limited has completed acquisition of 92.6% of Equity Shares of Manappuram Comptech & Consultants Ltd by way of purchase of 0.025 million shares at INR 365.37 per share. Acquisition of remaining 7.4% (2000 Equity Shares) is in process and will be completed by August 31, 2019. As at August 31, 2019, Manappuram Finance Limited has completed acquisition of 99.81% of Equity Shares of Manappuram Comptech & Consultants Ltd. Acquisition of remaining 0.19% equity shares is in process.