TPG Capital to acquire minority stake in IIFL Capital, reports ET

TPG

07/01/2026 02:51

Jan 7 - U.S. buyout firm TPG Capital TPG.O is close to a deal to acquire a minority stake of between 30% to 40% in billionaire Nirmal Jain's IIFL Capital Services IIFS.NS, potentially emerging as the single largest shareholder in the company, local newspaper Economic Times reported on Wednesday.

 (Reporting by Mridula Kumar in Bengaluru; Editing by Janane Venkatraman)

 ((mridula.kumar@thomsonreuters.com))