Fundraise / allotmentNotableFiled on BSE ·

Fairfax India to invest ₹2,000 crore in IIFL Capital via preferential allotment

IIFL Capital Services · Capital Markets

Arthneeti Research DeskPublished 1 min read
₹2,000 CrFundraise / allotment

Key highlights

  • Fairfax India to increase stake in IIFL Capital to minimum 51% through preferential allotment and open offer
  • Capital infusion of ₹2,000 crore at ₹350 per share to strengthen IIFL Capital's balance sheet and growth
  • Fairfax India granted right to nominate two directors on the IIFL Capital board after approvals

Why it's rated notable: amount is ₹500 crore or more

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.