StockWatch
·
Stockbroking & Allied
Corporate Action4 Nov 2026, 02:11 pm

IIFL Capital Services Allots ₹20,000 Cr Equity to FIH Mauritius

AI Summary

IIFL Capital Services Limited has approved the allotment of 5,71,42,857 equity shares of face value INR 2/- each at an issue price of INR 350/- per share to FIH Mauritius Investments Ltd. This preferential issue, aggregating to INR 19,999,999,950 (INR 19,999.99 Crores), was approved by the Preferential Issue Committee on November 4, 2026. The allotment follows earlier board approval on May 7, 2026, and receipt of all necessary regulatory approvals. This transaction increases the company's issued, subscribed, and paid-up equity share capital from 31,55,32,512 to 37,26,75,369 equity shares. The newly allotted shares will be listed on BSE and NSE.

Key Highlights

  • Allotment of 5.71 Cr shares at ₹350 each approved.
  • Total funds raised via preferential issue: ₹19,999.99 Crores.
  • FIH Mauritius Investments Ltd is the sole allottee.
  • Equity share capital increases to 37.27 Cr shares.
  • New shares to be listed on BSE and NSE.