Business StandardCenter·
Fairfax India raises stake in IIFL Capital to 38% with ₹2,000 cr investment
Fairfax India Holdings Corporation, through its affiliate FIH Mauritius Investments Ltd (FIHM), has acquired additional 11.22 per cent stake in IIFL Capital for Rs 2,000 crore. IIFL allotted 57,142,857 equity shares to FIHM on November 4, 2026 for Rs 350 per share aggregating to Rs 2,000 crore, IIFL Capital said in a regulatory filing. Following the preferential allotment, Fairfax India Holdings Corporation's stake in IIFL Capital has increased to 38.04 per cent from 26.82 per cent. "In terms o…
Read at Business Standard →
