Notice of Extra Ordinary General Meeting
IIFLCAPS · price
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IIFL Capital Services Ltd is convening an EGM on June 1, 2026 to seek shareholder approval for two special resolutions. The main item is a preferential issue of 57,142,857 equity shares (face value INR 2) at INR 350 per share to FIH Mauritius Investments Ltd, raising approximately INR 2,000 crore. The investor is a Mauritius-based entity, and the existing promoters are Nirmal Bhanwarlal Jain and Venkataraman Rajamani. The second resolution involves altering the Articles of Association to grant special rights to this investor and accommodate an open offer under SEBI takeover regulations. Remote e-voting runs from May 27 to May 31, 2026.
This INR 2,000 crore investment represents a significant capital infusion into IIFL Capital Services. The substantial premium to face value (175x) and foreign investor participation signal strong confidence in the company's prospects. Existing shareholders will face dilution, though the fresh capital could fund growth initiatives. The special rights being granted to FIH Mauritius are notable.