BusinessPhoto: Business StandardFairfax India Raises Stake in IIFL Capital to 38% with ₹2,000 Cr Investment
Fairfax India Holdings Corporation, via its affiliate FIHM, acquired an additional 11.22% stake in IIFL Capital by subscribing to 57,142,857 equity shares at ₹350 each, totaling ₹2,000 crore. This raised Fairfax India's stake from 26.82% to 38.04%. The shares allotted under this preferential issue have no voting rights until the open offer completes, held in a demat escrow account as per SEBI regulations. CCI approved the stake increase in September.
Business Standard·


