IIFL Capital Services INR 2000 Crore Preferential Issue

IIFL Capital Services board approved a preferential issue of 5.71 crore shares at INR 350 per share to FIH Mauritius Investments for INR 2000 crore.
The transaction includes an Investment Agreement granting FIH control and board representation rights, triggering a mandatory open offer to public shareholders.
Post-transaction, FIH will become a promoter with 38.47% stake, and its affiliate HWIC Asia Fund will join the promoter group.
The board approved amendments to Articles of Association and convened an EGM on June 1, 2026 for shareholder approval of all matters.