IIFL Capital Services Limited has informed the stock exchanges about an extension granted by SEBI for the commencement of the open offer. This extension pertains to the acquisition of shares by FIH Mauritius Investments Ltd and HWIC Asia Fund. The decision follows pending statutory approvals, and the Securities and Exchange Board of India has approved the revised timeline for the offer’s opening, details of which are provided in an enclosed extension letter.
Open Offer Commencement Extended
IIFL Capital Services Limited announced on November 2, 2026, that the commencement of its open offer has been extended. This development relates to the proposed acquisition of the Company’s shares by FIH Mauritius Investments Ltd and HWIC Asia Fund (Class A Shares).
SEBI Approval for Extension
The Securities and Exchange Board of India (SEBI), through a letter dated October 30, 2026, has granted approval for the extension. This comes after SEBI had initially issued final observations for the open offer on September 10, 2026. The need for an extension arose due to pending statutory approvals required to proceed with the transaction. The Manager to the Offer had formally requested SEBI to allow more time for the open offer to begin.
Implications for Shareholders
While the exact new commencement date is not specified in the immediate announcement, the extension signifies a shift in the timeline for the open offer. Shareholders looking to participate in the offer will need to await further communication regarding the revised schedule. The company has enclosed a copy of SEBI’s ‘Extension Letter’ for record purposes.
Source: BSE
