Open Offer18 May 2026, 09:51 am
IIFL Capital Services: Open Offer for 26% Shares by Acquirer
AI Summary
ICICI Securities, as Manager to the Offer, submitted a Draft Letter of Offer to BSE for the open offer to the public shareholders of IIFL Capital Services Ltd. The acquirer is making an open offer to acquire up to 10,01,44,112 equity shares, representing 26% of the voting share capital, in compliance with SEBI (SAST) Regulations. The detailed public statement was published on May 13, 2026, in multiple newspapers. The Draft Letter of Offer is dated May 15, 2026.
Key Highlights
- ICICI Securities is acting as the Manager to the Open Offer for IIFL Capital Services Ltd.
- The open offer is for the acquisition of up to 10,01,44,112 equity shares, representing 26% of the voting share capital.
- The offer complies with Regulations 3(1), 3(2), 4, 13(4), 14, and 15(2) of the SEBI (SAST) Regulations.
- The public statement regarding the open offer was published on May 13, 2026, in multiple newspapers.
- The Draft Letter of Offer is dated May 15, 2026.
Price Impact
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