FIH Mauritius acquires 57.14 million shares via preferential issue
IIFLCAPS · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.6 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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FIH Mauritius Investments received 57,142,857 new IIFL Capital shares in a preferential issue on November 4, 2026. FIH's holding rose to 38.04%, and to 40.83% with HWIC Asia Fund. FIH cannot vote on the new shares until a mandatory public offer closes; afterward, FIH will be promoter and HWIC part of the promoter group.
FIH and HWIC now hold 40.83% in total, but the new shares cannot vote until the mandatory public offer closes. The issue dilutes existing shareholders.