Fairfax India invests ₹2000 crore via preferential allotment at ₹350 per share to acquire minimum 51% stake in IIFL Capital.
Transaction triggers open offer and requires shareholder and regulatory approvals including SEBI clearance.
Fairfax India will join promoter group and nominate two directors to strengthen governance and support growth.
Investment aims to strengthen balance sheet for expansion across capital markets, wealth, and asset management businesses.