Fairfax India lifts IIFL Capital stake to 38.04% with ₹2,000 crore
In short
Fairfax India Holdings, through FIH Mauritius Investments Ltd, bought an extra 11.22% stake in IIFL Capital for ₹2,000 crore.
IIFL allotted 57,142,857 shares on November 4, 2026 at ₹350 each, and Fairfax's holding rose to 38.04% from 26.82%.
What the reporting says
Fairfax India Holdings, through affiliate FIH Mauritius Investments Ltd, acquired an additional 11.22% stake in IIFL Capital for ₹2,000 crore. IIFL allotted 57,142,857 equity shares to FIHM on November 4, 2026 at ₹350 per share, taking Fairfax India Holdings' stake to 38.04% from 26.82%. The filing indicates a preferential allotment and a larger controlling interest for the investor.
Why it matters
Fairfax India Holdings Corporation, through FIH Mauritius Investments Ltd, increased its stake in IIFL Capital after a preferential allotment of 57,142,857 equity shares on November 4, 2026. The investment was valued at ₹2,000 crore at ₹350 per share. The transaction raised Fairfax's holding to 38.04% from 26.82%, strengthening its position in the brokerage and financial services company.