FilingReader Intelligence

Aavas Financiers: 70.51% of open offer size tendered

March 6, 2025 at 07:02 PM UTCBy FilingReader AI

Approximately 70.51% of the equity shares, for AAVAS Financiers, constituting the Open Offer size, have been tendered. According to an announcement by JM Financial Limited, the Manager to the Offer, a total of 14,624,123 equity shares were tendered as of March 06, 2025. This open offer is related to the acquisition of shares by Aquilo House Pte. Ltd., along with other parties acting in concert, representing 26.00% of the expanded voting share capital of AAVAS Financiers. The tendered shares are held in an Escrow Demat Account with Ventura Securities Limited. JM Financial clarified that acceptance of these shares is subject to validation and compliance with regulatory requirements and the Letter of Offer.

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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