IIFL Capital Services INR 2000 Crore Preferential Issue

IIFL Capital Services seeks shareholder approval via EGM for a INR 2000 crore preferential issue of 5.71 crore shares to FIH Mauritius Investments at INR 350 per share.
Proceeds will be used to repay INR 1000 crore debt, maintain INR 500 crore in exchange margins, and for general corporate purposes totaling INR 500 crore.
The transaction triggers a mandatory open offer and will result in FIH Mauritius becoming a promoter with 38.47% stake, necessitating amendments to the Articles of Association.
The EGM is scheduled for June 1, 2026, with remote e-voting available from May 27 to May 31, 2026, through CDSL.