ICICI Securities Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of IIFL Capital Services Ltd ("Target Company").
IIFLCAPS · price
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FIH Mauritius Investments Ltd (along with HWIC Asia Fund as PAC) has submitted a Draft Letter of Offer for an open offer to acquire up to 10,01,44,112 equity shares (26% of voting capital) of IIFL Capital Services Ltd. ICICI Securities Limited is acting as the Manager to this Open Offer under SEBI (SAST) Regulations, 2011. The public statement was published on May 13, 2026. This open offer appears triggered by a substantial acquisition requiring mandatory open offer under SEBI regulations.
This open offer gives public shareholders an opportunity to exit at the offer price. The acquisition of 26% stake through open offer could lead to change in control or significant influence over IIFL Capital Services Ltd, potentially affecting stock price and governance.