IIFL Holdings: Open offer begins on Thursday

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.