BSEInsider Trading / SAST2d ago · 5 Nov 2026, 09:13 am
The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for FIH Mauritius Investments Ltd & PACs
IIFL Capital Services Ltd · 542773
✦ AI SummaryFundraise
IIFL Capital Services Ltd has issued and allotted 57,142,857 equity shares to FIH Mauritius Investments Ltd under a preferential issue, with the Acquirer not having any voting rights until the completion of the open offer.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
IIFL Capital Services Ltd - 542773 - Disclosures under Reg. 18(6) of SEBI (SAST) Regulations, 2011
Attachments (1)
📄pdf
Download →
3527F34B_6199_4115_921E_E4C9AED207E9_091349.pdf
View document text
FIH Mauritius Investments Ltd
Level 1, Maeva Tower, Silicon Avenue, Cybercity, Ebene 72201, Mauritius
Tel: (230) 464 3040 Fax: (230) 468 1930
November 4, 2026
The Manager The Manager
Listing Department Listing Department
BSE Limited The National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Tower Exchange Plaza, 5 Floor, Plot C/1, G Block
Dalal Street Bandra - Kurla Complex, Bandra (E)
Mumbai 400 001 Mumbai 400 051
B SE Scrip Code: 542773 NSE Symbol: IIFLCAPS
The Board of Directors
IIFL Capital Services Limited
Plot No. B - 23, IIFL House, Sun Infotech
Park, Road No - 16V, Thane Industrial Area
Wagle Estate, Thane, Maharashtra, 400604
Sub: Disclosure under Regulation 18 (6) of the Securities and Exchange Board of
India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
(“SEBI (SAST) Regulations”).
Dear Sir / Ma’am:
This is to inform you that pursuant to the Investment Agreement dated May 7, 2026 entered
into amongst FIH Mauritius Investments Ltd (“Acquirer”"), IIFL Capital Services Limited (
“Target Company”), Nirmal Bhanwarlal Jain and Venkataraman Rajamani, the Target
Company has issued and allotted 57,142,857 equity shares (“Subscription Shares”) to the
Acquirer on November 4, 2026 (“Preferential Issue”). In terms of Regulation 22(2A) of SEBI
(SAST) Regulations, the Subscription Shares allotted under this Preferential Issue will not
have any voting rights until the completion of the open offer and will be held under a
separate share escrow account (i.e. demat escrow) as required under the SEBI (SAST)
Regulations. On completion of the open offer, the Subscription Shares allotted under the
Preferential Issue would be transferred from this share escrow account to the Acquirer’s
demat account.
In compliance with Regulation 18(6) of the SEBI (SAST) Regulations, please find enclosed
the disclosure in the prescribed format.
We request you to kindly take the above on record.
[Signature page follows]
FIH Mauritius Investments Ltd
Level 1, Maeva Tower, Silicon Avenue, Cybercity, Ebene 72201, Mauritius
Tel: (230) 464 3040 Fax: (230) 468 1930
Disclosure by acquirer for shares/ voting rights acquired during the offer period
under Regulation 18 (6) in terms of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
(i) Name of the Target Company (TC) IIFL Capital Services Limited
(ii) Name of the acquirers / PAC Acquirer - FIH Mauritius Investments Ltd
(“Acquirer”)
Person acting in concert - HWIC Asia
Fund (Class A Shares) (“PAC”)
(iii) Name of the persons/ entities who FIH Mauritius Investments Ltd., i.e., the
acquired shares in the TC Acquirer
(iv) Whether disclosure about the persons/ Yes – the Acquirer has been disclosed as
entities stated at (iii) was given in the the acquirer in the detailed public
detailed public announcement as either statement published on May 13, 2026.
Acquirer or Persons acting in concert with
Acquirer. (Yes/No)
Not applicable.
If no, provide
(a) Reasons for non-disclosure
(b) Relationship of the entity with
the Acquirer / PAC
Details of acquisition – for each person mentioned at (iii)
Number of Date of Mode of Person Purchase Shareholding of person who
Shares Acquisitio Acquisitio from Price per acquired the shares (% w.r.t.
/ Voting n n whom Share total share Capital/ voting
Rights Shares / capital of Target
Acquired Voting Company)
(No.) Rights Before After
Acquired* acquisition acquisition
Note 2 Note 3
5,71,42,857 November 4, Preferential NA INR 350 26.82% 38.04%
equity 2026 Allotment
shares Note 1
Total shareholding of Acquirer and PACs before Acquirer - 8,46,41,445 equity
the acquisition shares (26.82%Note 2)
(number as well as % of total share capital of TC) Note 2
PAC - 1,03,62,530 equity shares
(3.28%Note 2)
Total - 9,50,03,975 equity
shares (30.11%Note 2)
Total shareholding of Acquirer and PACs after the Acquirer - 14,17,84,302 equity
acquisition shares (38.04%Note 3)
(Number as well as % of total share capital of TC) Note 3
PAC - 1,03,62,530 equity shares
(2.78%Note 3)
Total - 15,21,46,832 equity
shares (40.83%Note 3)
Notes:
(1) In terms of Regulation 22(2A) of SEBI (SAST) Regulations, the Acquirer will not exercise any
voting rights in relation to the equity shares allotted under the Preferential Issue until the
completion of the Open Offer and the equity shares will be held under a separate share escrow
account (i.e. demat escrow) as required under the SEBI (SAST) Regulations. On completion
of the Open Offer, the equity shares allotted under the Preferential Issue would be transferred
from this share escrow account to the Acquirer’s demat account.
(2) The respective percentages have been computed based on the total share capital as per the
latest filing done by the Target Company to the stock exchanges under Regulation 31 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 as on September 30, 2026 and the increase in the total share capital /
voting capital of the Target Company pursuant to the allotment of equity shares upon
conversion of employee stock options on October 29, 2026; i.e., 31,55,32,512 equity shares,
as the denominator.
(3) The respective percentages have been computed based on the total share capital of the
Target Company after taking into account 5,71,42,857 equity shares allotted to the Acquirer,
i.e., 37,26,75,369 equity shares, as the denominator.
We hereby declare that the information provided in the instant report is true and nothing has
been concealed there from.
[Signature page follows]