Manappuram Finance has informed about disclosure dated July 3, 2018 in connection with the proposed acquisition of Indian School Finance Company Private Limited (ISFC) by the Company. ISFC has received the attached letter from the Hyderabad office of RBI on September 13, 2018. ISFC has provided responses dated September 14, 2018 to the RBI requesting for an opportunity to represent themselves again in order to provide any clarifications or requisite amendments to the proposal if any required by RBI and requesting to pass final orders after consideration of such representation.
The above information is a part of company’s filings submitted to BSE.