Fairfax India to Invest ₹2,000 Crore in IIFL Capital via Preferential Allotment at ₹350 per Share
May 07, 2026
Mumbai (Maharashtra) [India], May 7: Fairfax India Holdings Corporation ("Fairfax India") of Canada, through its wholly owned subsidiary, FIH Mauritius Investments Ltd ("FIH Mauritius"), will increase its shareholding in IIFL Capital Services Ltd ("IIFL Capital" or the "Company"), where it is an existing investor, through a combination of transactions including a preferential allotment of equity shares, an open offer, and arrangements with the existing promoters, such that its stake in the Company increases to a minimum of 51%. Upon completion of the transaction, Fairfax India (and its affiliate, HWIC Asia Fund Class A) will join the existing Promoter Group alongside Mr. Nirmal Jain and Mr. R. Venkataraman. ₹2,000 crore primary capital infusion into the Company. Fairfax India (and its affiliate) to join the Promoter Group post completion of the transaction, with a minimum 51% equity stake. Mr. Nirmal Jain and Mr. R. Venkataraman to continue as co-promoters. Proposed transaction will trigger an open offer under applicable regulations.
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