IIFL Capital Services Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 01, 2026
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IIFL Capital Services Limited has called an EGM on June 1, 2026 to seek shareholder approval for two key matters. First, the company plans to issue 5,71,42,857 fully paid-up equity shares (face value INR 2) to FIH Mauritius Investments Ltd at INR 350 per share, aggregating approximately INR 2,000 crore through a preferential issue on private placement basis. Second, the company will alter and adopt its Articles of Association to grant special rights to the investor. The investment agreement was executed on May 7, 2026 between the company, FIH Mauritius Investments Ltd, and existing promoters Nirmal Bhanwarlal Jain and Venkataraman Rajamani. The preferential issue also contemplates potential acquisition of equity shares from existing promoters in certain circumstances.
This is a major capital raise of INR 2,000 crore from a foreign institutional investor at a significant premium to face value, indicating strong institutional confidence in the company. The transaction may trigger an open offer under SEBI SAST regulations, which could impact shareholding structure.