Fairfax India to raise stake in IIFL Capital to 51% with $211 million investmentFairfax India is set to increase its ownership in IIFL Capital to 51 percent. This move involves an investment of 20 billion rupees. The ca...
InCred Holdings files updated draft IPO papers with Sebi; eyes Rs 1,250 cr via fresh issueRetail-focused NBFC InCred Holdings has filed updated draft papers with Sebi for its proposed IPO, aiming for a valuation of around Rs 15,0...
Julius Baer names interim India country head as Papneja departsJulius Baer has appointed Kunal Sumaya as interim country head for India. He will replace Umang Papneja, who is leaving after four years. P...
Forget the noise: These 54 smallcap stocks attracted FII buying in March quarterForeign institutional investors are strategically buying into beaten-down smallcap stocks in India, increasing stakes in 54 companies despi...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotmentFairfax Financial Holdings plans to boost its stake in IIFL Capital Services. The deal is valued at approximately ₹1,000 crore. This move w...
ETtech Deals Digest: Startups raise $46 million this week, down 66% on-yearStartups raised around $46 million in the week to 17 February, down 66% from the $135 million secured during the same period last year, acc...
Indian household gold higher than gold reserves of world's top 10 central banks: AssochamIndia’s households now hold more gold than the top 10 central banks combined, with estimates ranging from $2.4 trillion to $10 trillion. As...
Buy IIFL Wealth Management, target price Rs 2217: ICICI SecuritiesIIFL Wealth Management Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 14557.64 Crore) operating in NB...
Bain to acquire 25% in IIFL Wealth for Rs 3,680 croreGeneral Atlantic had acquired a 21.6% stake in IIFL Wealth in October 2015 for 1,122 crore. Fairfax first invested in IIFL in 2011 when it ...
IIFL Wealth zooms 8% as Bain Capital buys stakeThe deal will be executed at Rs 1,661 per share, which is at a marginal discount compared to the closing price IIFL Wealth's share at Rs 1,...
PE biggies, Kotak Bank sounded out for IIFL Wealth stake saleCanadian billionaire Prem Watsa's Fairfax Holdings and General Atlantic (GA) are looking to sell around 34.6 % stake that they hold togethe...
Buy IIFL Wealth, target price Rs 1775: Motilal OswalIIFL Wealth Management Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 13503.98 Crore) operating in NB...
IIFL Wealth soars 11% after highest-ever quarterly profitShares of IIFL Wealth Management have surged up 50 per cent in the year 2021 so far. It has given a return of 35 per cent in the last one m...
IIFL Wealth Management acquires Wealth AdvisorsIIFL Wealth Management has assets under advice and distribution of Rs 1.4 lakh crore.
IIFL Wealth in talks to acquire Chennai based Wealth AdvisorsIn IIFl Wealth Managers, the parent company IIFL Holdings has a 53.64% stake, General Atlantic, 21.52%, employees 20% and foreign financial...
CCI clears General Atlantic's 21.61% stake buy in IIFL WealthThe Competition Commission has given its approval to global private equity firm General Atlantic Singapore Fund's proposed acquisition of 2...
Is IIFL planning to sell portion of its stake in IIFL Wealth Management?The equity stake dilution, according to market sources, is intended to give an ‘exit route' to some of IIFL Wealth employees.