Aavas Financiers: Open offer sees 58.75% tendered

JM Financial, as manager to the open offer for AAVAS Financiers, announced that 12,183,724 equity shares, constituting 58.75% of the offer size, have been tendered. The open offer, made by Aquilo House Pte. Ltd. along with other parties acting in concert, seeks to acquire 20,739,711 fully paid-up equity shares, representing 26.00% of the expanded voting share capital of AAVAS Financiers. The tendered shares are held in the Open Offer Escrow Demat Account with Ventura Securities Limited. JM Financial clarified that the disclosure reflects dematerialized shares tendered by public shareholders, subject to validation and verification of documents as per SEBI regulations.