Fairfax Financial Holdings plans to boost its stake in IIFL Capital Services. The deal is valued at approximately ₹1,000 crore. This move will see Fairfax’s holding increase by about 10%. The transaction is expected to trigger an open offer under Indian regulations. Prem Watsa’s firm is doubling down on its investment after thorough due diligence.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets