Aquilo House Pte. Ltd., along with Persons Acting in Concert (PACs), has made an Open Offer to acquire up to 2,07,39,711 equity shares of Aavas Financiers Limited, representing 26.00% of the Expanded Voting Share Capital. The offer price is ₹1,766.69 per equity share, along with applicable interest of ₹8.72 per equity share, payable in cash. You can check the announcement from the company here.
All shareholders holding shares of Aavas Financiers Limited are eligible to tender their shares before the closure of the tendering period.
Open Offer Schedule
| Event | Date |
|---|---|
| Opening date of Tendering Period | February 21, 2025 |
| Closure date of Tendering Period | March 07, 2025 |
| Credit of payment for accepted shares/credit of unaccepted shares to the Demat account | March 24, 2025 |
How to tender shares in the Open Offer?
Since the acquirer is not a person resident in India under applicable Indian foreign exchange control regulations, the mechanism for the acquisition of equity shares through stock exchanges is not available under SEBI regulations. Therefore, the tendering process must be conducted offline.
To tender shares, shareholders must transfer them to the designated escrow depository account using a duly filled Delivery Instruction Slip (DIS).
Here’s how you can tender the shares:
A duly filled Delivery Instruction Slip (DIS) should be sent to Zerodha to transfer the shares to the escrow depository account. You can refer to this support article for the procedure to transfer shares using DIS.
Details of the Demat Account to Transfer Shares
| Aavas Financiers Limited | |
|---|---|
| Name of the Depository Participant | Ventura Securities Limited |
| DP ID | IN303116 |
| Client ID | 15146112 |
| Account Name | LIIPL AAVAS FINANCIERS LIMITED OPEN OFFER ESCROW |
| Depository | NSDL |
| Mode of Instruction | Off Market |
The details above are from page 53 of the Letter of Offer (LOF). You can refer to the offer letter for more information
Registrar and Transfer Agent Contact Details:
MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Address: C-101, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Telephone: +91 8108114949
Email: [email protected]
Website: www.linkintime.co.in
For any further information, shareholders may contact the Manager of the Offer, JM Financial Limited, at [email protected] or visit the official website of Aavas Financiers Limited at Investor Relations - Aavas Financiers.