Fairfax India invests ₹2,000 crore in IIFL Capital Services, boosting stake to 51 percent

business-standard.com

Fairfax India will invest ₹2,000 crore in IIFL Capital Services, increasing its stake to at least 51 percent. The capital infusion will occur through preferential allotment and an open offer, strengthening IIFL Capital's balance sheet for growth in its financial services businesses. Fairfax India has been a partner of IIFL Capital for over 15 years, and the transaction is subject to regulatory and shareholder approvals.


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