Fairfax India raises stake in IIFL Capital to 38% with ₹2,000 cr investment ...Middle East

Fairfax India Holdings Corporation, through its affiliate FIH Mauritius Investments Ltd (FIHM), has acquired additional 11.22 per cent stake in IIFL Capital for Rs 2,000 crore. IIFL allotted 57,142,857 equity shares to FIHM on November 4, 2026 for Rs 350 per share aggregating to Rs 2,000 crore, IIFL Capital said in a regulatory filing. Following the preferential allotment, Fairfax India Holdings Corporation's stake in IIFL Capital has increased to 38.04 per cent from 26.82 per cent. "In terms of Regulation 22(2A) of SEBI (SAST) Regulations, the subscription shares allotted under this preferential issue will not have any voting rights until the completion of the open offer and will be held under a separate share escrow account (i.e. demat escrow) as required under the SEBI (SAST) Regulations," it said. The Competition Commission of India (CCI) in September cleared Fairfax India Holdings Corporation's proposal to acquire an additional stake in IIFL Capital Services. FIHM is a ...

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