ICICI Securities Limited has disclosed that nil equity shares were tendered in the Open Offer Escrow Demat Account as of November 4, 2026. This information pertains to the open offer for the acquisition of up to 10,01,44,112 equity shares of IIFL Capital Services Limited by FIH Mauritius Investments Ltd and HWIC Asia Fund. The statement clarifies that no shares have been submitted by public shareholders for acceptance in the open offer at the specified date and time.
Open Offer Update: Escrow Account Status
ICICI Securities Limited, acting as the Manager to the Open Offer, has officially announced that nil equity shares were tendered in the Open Offer Escrow Demat Account. This update, dated November 4, 2026, pertains to the ongoing open offer for the acquisition of up to 10,01,44,112 fully paid-up equity shares of IIFL Capital Services Limited (formerly IIFL Securities Limited).
Details of the Open Offer
The open offer is being made by FIH Mauritius Investments Ltd, along with its concert party HWIC Asia Fund, in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The escrow account in question is named “MIIPL IIFL CAPITAL SERVICES LIMITED OPEN OFFER ESCROW DEMAT ACOUNT” and is operated by Ventura Securities Limited.
Current Tender Status
As per the statement received from Ventura Securities Limited, based on the Open Offer Escrow Demat Account statement as at 14:00:55 on November 04, 2026, there were zero shares submitted by public shareholders for this open offer. This disclosure reflects the shares held in dematerialized form within the escrow account. It is expressly clarified that the number of shares tendered by public shareholders may differ from those eventually accepted by the Acquirer. All tendered shares are subject to validation and verification processes as per the SEBI (SAST) Regulations and the Letter of Offer dated October 28, 2026.
Source: BSE
