Fairfax India Raises IIFL Capital Stake by 11.2%
Fairfax India completed a subscription for INR 20B (approximately $211M), increasing its interest in IIFL Capital by 11.2%. Its combined stake with an affiliate is now 40.8%; a further acquisition targeting 51% is expected to close in Q4 2026, subject to the open offer and customary conditions.
Fairfax India completed a subscription increasing its IIFL Capital interest by 11.2% for INR 20B, approximately $211M. Its combined stake with an affiliate is now 40.8%; a further acquisition targeting 51% is expected to close in Q4 2026, subject to the open offer and customary conditions.Material…