IIFL Capital Services: Open Offer Extension Approved by SEBI

IIFL Capital Services Limited has received approval from SEBI for an extension to commence its open offer. The open offer, initially planned by FIH Mauritius Investments Ltd and HWIC Asia Fund, faced delays due to pending statutory approvals. SEBI's letter dated October 30, 2026, grants this extension. The tendering period for the open offer will now commence within twelve working days of receiving approvals from IRDAI and SEBI. Payments to successful public shareholders will be made within ten working days from the last date of the tendering period, subject to the acquirer paying 10% annual interest on any delay.