Acquisitions1 May 2026, 07:31 am
IIFL Fintech to acquire 87.8% stake in Xtracap Fintech for ₹37.7 Cr
AI Summary
IIFL Finance's wholly-owned subsidiary, IIFL Fintech Private Limited, will acquire an 87.8% equity stake in Xtracap Fintech India Private Limited for approximately ₹37.7 Crore. The acquisition involves a secondary purchase of shares for ₹25.7 Crore and a primary capital infusion of ₹12 Crore. Xtracap Fintech, with a FY25 turnover of ₹7.03 Crore, operates in supply chain financing. This strategic move aims to expand IIFL Fintech's presence in the underserved supply chain financing segment, strengthen MSME lending capabilities, diversify its portfolio, and improve return metrics. The transaction is a related party transaction but conducted at arm's length and is expected to complete within 45 days.
Key Highlights
- IIFL Fintech to acquire 87.8% equity in Xtracap Fintech.
- Total cash consideration for the acquisition is ₹37.7 Crore.
- Expands IIFL's presence in supply chain financing segment.
- Strengthens MSME lending and diversifies portfolio.
- Acquisition expected to be completed within 45 days.