Fairfax to raise stake in India's IIFL Capital with $211 million investment
May 7 (Reuters) - India's IIFL Capital Services IIFS.NS said on Thursday that Fairfax India, an investment holding company backed by Canada-based Fairfax Financial Holdings FFH.TO, will increase its stake in the company to 51% through an investment of 20 billion rupees ($211.1 million). ($1 = 94.7300 Indian rupees) (Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala) ((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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Brief: IIFL Capital Services Approves Voluntary Winding Up Of IIFL Securities Services IFSC