FIH Mauritius Launches Rs.3,532 Crore Open Offer for IIFL Capital Services
The open offer will allow eligible shareholders of IIFL Capital Services to tender their shares at Rs. 350 apiece during the November 2–16, 2026, offer period.
FIH Mauritius Announces Open Offer for IIFL Capital Services
FIH Mauritius Investments Limited has initiated an open offer to acquire shares in IIFL Capital Services under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ICICI Securities has been appointed as the manager to the offer.
The acquirer intends to purchase up to 10,01,44,112 fully paid-up equity shares, representing 26% of the expanded voting share capital. The offer price is fixed at Rs. 350 per share, taking the maximum consideration to approximately Rs. 3,531.93 crore, subject to the terms and conditions outlined in the Letter of Offer.
Open Offer Details and Key Dates
- Acquirer: FIH Mauritius Investments Limited
- Target Company: IIFL Capital Services Limited
- Person Acting in Concert (PAC): HWIC Asia Fund (Class A Shares)
- Maximum Shares Under the Offer: 10,01,44,112 equity shares
- Stake on Offer: 26% of the expanded voting share capital
- Offer Price: Rs. 350 per equity share
- Maximum Consideration: Approximately Rs. 3,531.93 crore
- Offer Manager: ICICI Securities Limited
- Tendering Period Opens: November 2, 2026
- Tendering Period Closes: November 16, 2026
- Scheduled Payment Deadline: November 25, 2026, for validly tendered shares, subject to the offer terms
- Delay in Payment: Interest at 10% per annum may be payable for delays beyond the scheduled payment date, in accordance with the applicable offer terms
What to Watch Next
Investors will track participation during the November tendering period and the number of shares ultimately accepted under the offer. The final outcome will help clarify the extent of shareholder participation and any resulting changes in IIFL Capital Services' shareholding.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
GMR Airports Q2 FY27 Results: Total Income Rises 12% to Rs.4,188 Crore
GMR Airports Limited (GAL) reported a 12% year-on-year increase in total income to Rs.4,188 crore for Q2 FY27. EBITDA rose 2% to Rs.1,569 crore, while the company recorded a profit after tax (PAT) of Rs.65 crore, marking its fifth consecutive quarter of positive PAT. The company’s airports handled 28 million passengers during the quarter, reflecting a 1% increase compared with the same period last year.
HDFC Mutual Fund Sells 2.01% Stake in Bajaj Electricals
HDFC Mutual Fund has sold 23,25,060 equity shares of Bajaj Electricals Limited through an open market transaction on October 26, 2026. Following the sale, the fund’s shareholding declined from 9.27% to 7.25%. The transaction was disclosed to the stock exchanges on October 28, 2026.
RS Software Reports Higher Q2 FY27 Net Loss as Board Approves Director Appointment
RS Software (India) Limited reported consolidated revenue from operations of Rs 5.92 crore for Q2 FY27, down 2.4% year-on-year from Rs 6.07 crore in Q2 FY26. The company’s consolidated net loss widened to Rs 6.38 crore from Rs 5.92 crore a year earlier. The board also approved the appointment of Bo Mikael Langseth Nilsson as an Additional Non-Executive Independent Director, subject to shareholder approval, and accepted the resignation of Cedarampattu S Mohan from the board.