ICICI Securities has announced that as of November 12, 2026, a total of 45,35,712 Equity Shares, representing 4.53% of the Offer Size, have been tendered in the open offer for acquisition of shares of IIFL Capital Services Limited. These shares were submitted to the Open Offer Escrow Demat Account managed by Ventura Securities Limited. The disclosure is made in compliance with SEBI (SAST) Regulations.
Open Offer Update for IIFL Capital Services
ICICI Securities, acting as the Manager to the Open Offer, has provided an update regarding the acquisition of equity shares in IIFL Capital Services Limited (formerly IIFL Securities Limited). The open offer, initiated by FIH Mauritius Investments Ltd (the ‘Acquirer’) along with HWIC Asia Fund (the ‘PAC’), aims to acquire up to 10,01,44,112 fully paid-up equity shares of face value INR 2 each.
Tendered Shares and Escrow Account Details
As of 13:52:50 on November 12, 2026, a significant number of 45,35,712 Equity Shares, which constitutes 4.53% of the total Offer Size, have been tendered by the Public Shareholders. These shares have been lodged in the Open Offer Escrow Demat Account. This account, named ‘MIIPL IIFL CAPITAL SERVICES LIMITED OPEN OFFER ESCROW DEMAT ACOUNT’, is operated by Ventura Securities Limited. Ventura Securities Limited’s depository participant identification number is IN303116, and its client identification number is 15922461.
The disclosure expressly clarifies that the reported equity shares are in dematerialized form and have been tendered as per the statement received from Ventura Securities Limited. It is emphasized that these tendered shares are subject to further validation and verification processes as required by the SEBI (SAST) Regulations and the Letter of Offer (LoF) dated October 28, 2026.
Acceptance and Further Information
The number of equity shares validly tendered and accepted by the Acquirer in the Open Offer may differ from the number currently reported as tendered. Capitalized terms not defined herein retain their meanings as ascribed in the LoF.
Source: BSE
