FIH Mauritius Open Offer for 26% IIFL Capital

FIH Mauritius Investments Ltd launches mandatory open offer for 26% stake (10.01 crore shares) in IIFL Capital Services Ltd at ₹350 per share.
Offer triggered by investment agreement including preferential allotment of 5.71 crore shares and potential secondary purchase to achieve 51% ownership.
Open offer size is ₹3,505.04 crore and is subject to regulatory approvals including CCI and multiple financial sector regulators.
Acquirer will gain control and promoter status while existing promoters will remain as part of promoter group post-transaction.