FIH Mauritius raises IIFL Capital stake to 38.04% through preferential issue
IIFLCAPS · price
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FIH Mauritius Investments acquired 57,142,857 IIFL Capital shares at Rs 350 each through a preferential issue on November 4, 2026. Its stake rose from 26.82% to 38.04%; with HWIC Asia Fund, the combined holding increased from 30.11% to 40.83%. The new shares will remain in escrow without voting rights until the open offer closes.
FIH's ownership and eventual voting influence rise sharply. Existing holders are diluted, while the new shares carry no voting rights until the open offer ends.