IIFL Capital Services Limited has informed the Exchange about Public Announcement for Open Offer

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

IIFLCAPS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹350.05

prior close

₹355.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+1.8% vs market

Stockbroking & Allied peers, median of 38sector-0.2%+1.9% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.9 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-0.5

15m

-0.9

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-0.1+1.8-0.2+1.9

Next day

+0.6-1.5+2.1-1.8+2.4

-1.4-4.5+3.1-5.0+3.5

-0.6-3.9+3.3-5.1+4.5

-1.6-3.6+2.1-4.7+3.1

-2.0-4.0+2.0-4.6+2.6

-2.0-4.9+2.9-4.2+2.2

15d

-3.3-2.7-0.6-6.9+3.6

-3.0-2.5-0.5-6.9+3.9

-3.4+2.7-6.1-3.7+0.4

-4.3+8.4-12.7-3.4-0.9

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

FIH Mauritius Investments Ltd (backed by Fairfax Group) along with HWIC Asia Fund (PAC) has announced a mandatory open offer to acquire up to 26% stake in IIFL Capital Services Limited at INR 350 per share. The total offer size is approximately INR 3,505 crore assuming full acceptance. This open offer is triggered under SEBI (SAST) Regulations because the Acquirer will exceed 25% voting rights threshold through a preferential issue of 5.71 crore shares (INR 2,000 crore) and secondary purchase from promoter sellers. The Acquirer's existing stake of 21.98% will increase to 62.81% post-transaction. The deal does not intend to delist the company and requires CCI approval, stock exchange in-principle approval, and various regulatory approvals for change in control of subsidiaries.

Likely market impact

Shareholders can tender their shares at INR 350 per share (cash) during the 10 working day tendering period. The open offer represents a change in control event with Fairfax Group consolidating its position in IIFL Capital Services. Public shareholding must be maintained at minimum 25% per SEBI regulations.