India's IIFL Capital closes higher on report Fairfax in talks to buy additional stake

5Paisa Capital

21/04/2026 11:36

** Shares of India's IIFL Capital Services IIFS.NS rose as much as 6.2% to close at 330 rupees

** Fairfax Financial FFH.TO in final stages to acquire an additional stake of about 10% in IIFS via preferential allotment, NDTV Profit reported on Tuesday

** Deal is valued at about 10 billion rupees ($106.95 million) at current market price, as per report

** FFH holds a 27.18% stake in IIFL as of December 31, 2025, according to LSEG data

** YTD stock down 14.45%

($1 = 93.5000 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))