Capital Group acquires 1.5% stake in IIFL Finance for Rs 374 crore; stock rises

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Business

31 July 2026 at 3:30 pm

Capital Group acquires 1.5% stake in IIFL Finance for Rs 374 crore; stock rises

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Summary

Capital Group has acquired a 1.49 percent stake in IIFL Finance for Rs 374 crore through open market transactions. This purchase involved over 63 lakh shares at Rs 590 each, with FIH Mauritius Investments, a Fairfax India subsidiary, selling an equivalent number of shares.

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