ICICI Securities Ltd has submitted to  the Exchange a copy of Detailed public statement in terms of Regulations 3(1), 3(2) and 4 Read with Regulations 13(4) , 14, 15(2) Read with Regulation 13(2A) and Other applicable Regulations of the SEBI (SAST) Regulations, 2011, and Subsequent amendments thereto, to the public shareholders of the company.

FIH Mauritius Investments Ltd, a wholly-owned subsidiary of Fairfax India Holdings Corporation (Fairfax Group), is making a mandatory open offer to public shareholders of IIFL Capital Services Limited. The offer covers up to 100,144,112 equity shares (26% of Expanded Voting Share Capital) at ₹350 per share, totalling approximately ₹3,505 crore. This open offer is triggered under SEBI (SAST) Regulations because the Acquirer is (i) set to exceed 25% voting rights, (ii) acquiring more than 4.99% additional shares, and (iii) taking control of the company. The underlying transaction includes a preferential issue of 57,142,857 new shares to the Acquirer at ₹350/share (₹2,000 crore) and a secondary purchase of shares from promoter sellers. Post-transaction, the Acquirer and PAC will hold approximately 51% of the company. The offer requires multiple regulatory approvals including from SEBI, CCI, RBI, IRDAI, and stock exchanges. The long stop date is March 31, 2027.