Fairfax Boosts IIFL Funding Stake to 51 %

Fairfax Eyes Majority Risk in IIFL Funding Solutions

Fairfax India Holdings Corp plans to boost its risk in IIFL Capital Services to 51 % from 30 5 % via a Rs 2, 000 crore (roughly $ 240 million USD) resources infusion at Rs 350 per share, according to a recent announcement.

• The offer includes a special part of equity shares, an open deal, and setups with existing marketers.
• Fairfax India, by means of FIH Mauritius Investments Ltd, will certainly sign up with the promoter group along with Nirmal Jain and R Venkataraman.
• IIFL Resources shares experienced a 4 % rise on the BSE following the information.
• The deal is subject to governing and investor authorizations.

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