Investment7 May 2026, 09:16 am
Fairfax India to Invest ₹2,000 Cr in IIFL Capital
AI Summary
Fairfax India will invest ₹2,000 crore in IIFL Capital via preferential allotment at ₹350 per share, increasing its stake to a minimum of 51%. This investment will make Fairfax India part of the Promoter Group, alongside Nirmal Jain and R. Venkataraman. The transaction is subject to regulatory and shareholder approvals and will trigger an open offer. The capital infusion aims to strengthen IIFL Capital's balance sheet and support growth across its financial services businesses.
Key Highlights
- Fairfax India to invest ₹2,000 crore in IIFL Capital via preferential allotment.
- Fairfax India to acquire a minimum 51% equity stake and join the Promoter Group.
- The investment will strengthen IIFL Capital's balance sheet and support growth.
- Transaction includes a preferential allotment at ₹350 per share and an open offer.
- Nirmal Jain and R. Venkataraman will continue as co-promoters.