The open offer to the shareholders of IIFL Holdings from FIH Mauritius Investments (along with three others) kicks off on Thursday. The offer from the Fairfax India arm, which will remain open till November 13, eyes acquiring 8.31 crore shares, which is 26 per cent of the post-offer capital of the company. Meanwhile, a committee of independent directors said the price of ₹195 is in compliance with the takeover regulations norms and to that extent is fair and reasonable.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.