Fairfax India Holdings Corporation is set to infuse ₹2,000 crore into IIFL Capital Services, aiming to increase its ownership to at least 51 per cent. Multiple reports say Fairfax India, currently holding a 30.5 per cent stake, will execute the planned increase through a mix of transactions. One report specifies that the company will raise its stake via a preferential allotment to Fairfax India’s Mauritius-based investment vehicle, FIH Mauritius Investments Ltd, at ₹350 per share. Another report outlines the overall consideration in dollar terms, citing an investment of about $211 million alongside the rupee figure, and reiterates that the resulting shareholding is targeted to reach a minimum of 51 per cent.
The announcements also lead to a market reaction: IIFL Capital shares rise by around 8 per cent following the disclosure of Fairfax’s capital infusion plan. Across the accounts, the core details remain consistent: Fairfax India commits ₹2,000 crore, increases its stake from about 30.5 per cent, and structures the transaction to secure at least 51 per cent ownership in IIFL Capital Services.
