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Fairfax India to raise stake in IIFL Capital to 51% with $211 million investment
Fairfax India is set to increase its ownership in IIFL Capital to 51 percent. This move involves an investment of 20 billion rupees. The capital infusion will bolster IIFL Capital's financial standing. It will also support the company's expansion across various financial services. This strategic investment comes amid a competitive market landscape for brokerages and wealth managers.
IIFL Capital shares jump after Fairfax India unit buys controlling stake, triggers open offer
Upon completion of both the preferential issue and the open offer, FIH Mauritius will be classified as a "promoter" of IIFL Capital, alongside the existing promoters.
Why Did IIFL Capital Shares Jump 6% Despite a 40% Fall in Q4 Profit? By Trade Brains - Investing.com India
Why Did IIFL Capital Shares Jump 6% Despite a 40% Fall in Q4 Profit? By Trade BrainsInvesting.com India
IIFL Capital clocks PAT of Rs 115 crore in Q4
IIFL Capital Services has reported 10% fall in net profit to Rs 115.1 crore despite a 20% rise in total revenue from operations to Rs 644.3 crore in Q4 FY26 as compared with Q4 FY25.
IIFL Capital Services consolidated net profit declines 10.32% in the March 2026 quarter
Sales rise 19.95% to Rs 644.30 crore
IIFL Capital Services Q4 Results | Net profit falls 10% to ₹115 crore; NII surges 18%
Shares of IIFL Capital Services Ltd ended at ₹315.00, up by ₹2.40, or 0.77%, on the BSE.
NSE picks 20 banks, eight law firms for mega IPO
Morgan Stanley, Citi, JP Morgan among foreign bankers and Kotak Mahindra, JM Financial, Axis and IIFL Capital among Indian bankers managing the NSE IPO. Eight law firms including Cyril Amarchand Mangaldas, Khaitan & Co, Latham & Watkins LLP will advise on the issue.
Billionaire Jain bets on India’s wealth boom to hire, woo assets
Nirmal Jain plans to significantly expand IIFL Capital Services. Assets are set to double and the number of advisors will triple within two years. This growth targets India's rapidly expanding wealthy population. The firm is actively hiring relationship managers to meet this demand. Competition for affluent clients is increasing across the financial sector.
Watch | IIFL flags higher impact on northern MFIs after Bihar rules
IIFL Capital’s Viral Shah said Bihar’s tighter regulations on microfinance lenders could slow growth and create asset-quality challenges, with northern-focused MFIs and small finance banks likely to see the highest impact as lending norms tighten and recovery timelines extend.