Open Offer Structure

The open offer is for acquisition of up to 10,01,44,112 (Ten Crore One Lakh Forty Four Thousand One Hundred Twelve) fully paid-up equity shares of face value of ₹2 each of IIFL Capital Services Limited.

Parties Involved

  • Acquirer: FIH Mauritius Investments Ltd
  • Person Acting in Concert: HWIC Asia Fund (Class A Shares) ("HWIC")
  • Target Company: IIFL Capital Services Limited (formerly IIFL Securities Limited)
  • Manager to the Open Offer: ICICI Securities Limited

Current Tender Status

As of November 06, 2026 at 17:16:52, a total of 1,17,258 equity shares have been tendered in the Open Offer Escrow Demat Account, representing 0.12% of the total offer size.

Escrow Account Details

The Open Offer Escrow Demat Account is named "MIIPL IIFL CAPITAL SERVICES LIMITED OPEN OFFER ESCROW DEMAT ACCOUNT" maintained with:

  • Depository Participant: Ventura Securities Limited
  • DP Identification Number: IN303116
  • Client Identification Number: 15922461
  • PAN: AAACI7397D

Validation Process

The disclosure clarifies that tendered shares are subject to validation and verification of submission of complete set of documents. The equity shares "validly tendered" shall be accepted in accordance with:

  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended
  • Letter of Offer dated October 28, 2026 ("LoF")

Important Clarification

The number of equity shares tendered (1,17,258) may differ from the number of shares that will be ultimately accepted by the Acquirer in the Open Offer after the validation process.

Document Signatory

The disclosure is signed by Namrata Ravasia, Vice President of ICICI Securities Limited, acting as Manager to the Open Offer.

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