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| Exchange Disseminated Time | ICICI Securities Ltd (“Manager to the Offer”) for and on behalf of the FIH Mauritius Investments Ltd ("Acquirer") with HWIC Asia Fund (Class A Shares), I Investments Ltd and FIH Private Investments Ltd as the Persons Acting in Concert with the Acquirer (Collectively, “Persons Acting in Concert"/"PAC") has submitted to BSE a copy of Public Announcement (“PA” / “Public Announcement”) regarding Open offer for acquisition of 8,31,28,852 Equity Shares from the Equity Shareholders of IIFL Holdings Ltd (“Target Company”), pursuant to, and in compliance with, amongst others, Regulation 3(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”).
Offer Details:
Offer Size: The Acquirer and the PAC hereby make this open offer (“Offer”) to the Shareholders of the Target Company to acquire up to 8,31,28,852 (Eight crores thirty one lakhs twenty eight thousand eight hundred and fifty two) fully paid up equity shares of face value of Rs. 2 (Rupees Two only) each of the Target Company (“Equity Shares”) constituting 26% (twenty six percent) (“Offer Size”) of the post-Offer equity share capital of the Target Company as of the 10th (tenth) working day from the closure of the tendering period assuming full exercise of 85,83,405 (Eighty five lakhs eighty three thousand four hundred and five) outstanding employee stock options (“Emerging Voting Capital”) (considering the equity share capital as on the date of this PA and the vested outstanding employee stock options as on March 31, 2015), subject to the terms and conditions mentioned in this Public Announcement, the Detailed Public Statement that will be published and the Letter of Offer that is proposed to be issued in accordance with the SEBI (SAST) Regulations.
Price/Consideration: The offer price of INR 195/- (Rupees One hundred and ninety five only) per Equity Share (“Offer Price”) is calculated in accordance with Regulation 8(2) of the SEBI (SAST) Regulations. Assuming full acceptance, the total consideration payable by the Acquirer and the PAC in accordance with SEBI (SAST) Regulations will be INR 16,21,01,26,140 (Rupees Sixteen hundred and twenty one crores one lakh twenty six thousand one hundred and forty only). |
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