Aavas Financiers open offer sees modest initial response

JM Financial, as the manager to the open offer for Aavas Financiers, announced that 1,905 equity shares, representing 0.01% of the offer size, were tendered in the open offer escrow demat account as of 5:52 PM on February 21, 2025. The open offer is for the acquisition of 20,739,711 fully paid-up equity shares, representing 26.00% of the expanded voting share capital, by Aquilo House Pte. Ltd. along with other parties acting in concert. The tendered shares are subject to validation and verification, with final acceptance contingent upon SEBI regulations and the terms outlined in the Letter of Offer.