IIFL Capital Services Limited announced a ₹2,000 Crore primary capital infusion from Fairfax India at ₹350 per share. Post-transaction, Fairfax India will become part of the promoter group with a minimum 51% stake, triggering a mandatory open offer. This strategic investment aims to strengthen the company's balance sheet and support its next growth phase.
IIFL Capital Services Ltd approved a ₹2,000 Crore preferential issue of 5,71,42,857 equity shares to FIH Mauritius Investments Ltd at ₹350 per share. The transaction triggers a mandatory open offer by the investor. This strategic capital infusion will see the investor classified as a promoter upon completion.