India's IIFL Capital jumps after Fairfax India raises stake to 51%

IIFL Capital Services

07/05/2026 05:32

** Shares of India's IIFL Capital Services IIFS.NS jump 4.95% to 348.20 rupees

** Co says Fairfax India, will increase its stake in co to 51% through an investment of 20 billion Indian rupees  ($211.12 million)

** Co will invest via its unit FIH Mauritius Investments through a preferential allotment priced at 350 rupees per share

** Fairfax India is an investment holding company backed by Canada-based Fairfax Financial Holdings FFH.TO

** Co says capital infusion to support growth across capital markets, wealth and asset management, institutional equities and investment banking businesses

** YTD, IIFS down 8.5%

($1 = 94.7350 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))