FilingReader Intelligence

Aavas Financiers sees 8.83% tender in open offer

February 28, 2025 at 07:03 PM UTCBy FilingReader AI

JM Financial, as the manager of the open offer for Aavas Financiers Limited (BSE: AAVAS), announced that 1,830,932 equity shares, or 8.83% of the offer size, have been tendered. The open offer aims to acquire 20,739,711 fully paid-up equity shares, representing 26% of the expanded voting share capital, by Aquilo House Pte. Ltd., along with other entities acting in concert. Shares were tendered into the specified Escrow Demat Account managed by Ventura Securities Limited. The disclosure reflects the dematerialized shares tendered by public shareholders and is based on the Escrow Demat Account Statement received on February 28, 2025. Final acceptance of tendered shares is subject to validation and compliance with SEBI regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:AAVASBombay Stock Exchange

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