IIFLCAPSIIFL Capital Services Ltd.
IIFL Capital Services tells exchanges of nil tenders in open offer by FIH Mauritius
- Mergers & acquisitions
- Financial services
Reviewed byKeshav SehgalBlacklitt Research
IIFL Capital Services (NSE: IIFLCAPS) had no shares tendered in its open offer as of 13:12:30 on 03 Nov 2026, according to a letter from ICICI Securities, the manager to the offer, which it said in a filing on 03 Nov 2026. The offer is by FIH Mauritius Investments Ltd, with HWIC Asia Fund (Class A Shares) acting in concert.
The open offer and the tender position
The letter covers an open offer for up to 10,01,44,112 fully paid-up equity shares of face value ₹2 each of IIFL Capital Services Limited, formerly IIFL Securities Limited. The offer is made under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, and is governed by a Letter of Offer dated 28 Oct 2026.
As at 13:12:30 on 03 Nov 2026, nil equity shares, or 0.00% of the offer size, had been tendered in the escrow demat account opened with Ventura Securities Limited. The escrow statement was received by the manager from Ventura Securities Limited.
Tendered shares subject to validation
The letter says tendered shares are subject to validation and verification of complete documents, as applicable, and that the number tendered may differ from the number the acquirer finally accepts. The acquirer's final acceptance figure is not yet known from this filing.
What the open offer means for IIFL Capital Services' shareholders
The letter reports only the tender position at one point in time. It does not say the price per share offered, the total consideration, the number of shares the acquirer will accept, the timetable for completion, or why the acquirer is making the offer.
At a glance
| Item | Detail |
|---|---|
| Acquirer | FIH Mauritius Investments Ltd |
| Acting in concert | HWIC Asia Fund (Class A Shares) |
| Shares sought | 10,01,44,112 equity shares of ₹2 each |
| Tendered as at 13:12:30, 03 Nov 2026 | Nil (0.00% of offer size) |
| Escrow account | Ventura Securities Limited |
| Manager to the offer | ICICI Securities Limited |
| Letter of Offer | 28 Oct 2026 |
Filed with BSE on . Reference: Original filing (PDF)
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