India's IIFL Capital up after choppy trading; TPG Capital in talks to buy stake in co, say sources

TPG

07/01/2026 07:59

** Shares of India's IIFL Capital Services IIFS.NS up 2% to 398 rupees

** Stock saw choppy trade earlier in the day, swung between as much as 5.3% gains and 2.4% declines

** TPG Capital is in talks to buy a stake of up to 20% in co, two sources familiar with the deal told Reuters

** IIFS has jumped nearly 20% between Dec 29 and Jan 6

** Trading vols 2.4 mln shares vs 30-day avg of about 979k shares

** TPG declined comment, IIFL Capital did not immediately respond to Reuters' request for comment

** In 2025, IIFS had risen about 11%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))