Aavas Financiers: 13.82% tendered in open offer

JM Financial, as the manager to the open offer for Aavas Financiers Limited, announced that 2,866,616 equity shares, constituting 13.82% of the offer size, have been tendered by the Public Shareholders. The open offer, initiated by Aquilo House Pte. Ltd., along with other Persons Acting in Concert (PACs), aims to acquire 20,739,711 fully paid-up equity shares, representing 26.00% of Aavas Financiers' expanded voting share capital. The tendered shares are currently held in the "LIIPL AAVAS FINANCIERS LIMITED OPEN OFFER ESCROW DEMAT ACCOUNT" with Ventura Securities Limited. The acceptance of these shares is subject to validation, verification of documents, and compliance with SEBI regulations. JM Financial clarified that the reported number reflects shares tendered in dematerialized form and may differ from the final number accepted by the acquirer.