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IIFL Capital shares rise after Fairfax India stake acquisition

after close1 source ↓written by the desknot a recommendation

preferential allotment
₹2,000 crore
the issuance
5.71 crore shares
each
₹350
FIH's stake
27.18% to 38.47%

IIFL Capital Services Ltd. announced a ₹2,000 crore preferential allotment to FIH Mauritius Investments, a Fairfax India subsidiary, granting it effective control. The board approved the issuance of 5.71 crore shares at ₹350 each, increasing FIH's stake from 27.18% to 38.47%. This move triggers a mandatory open offer for public shareholders under SEBI regulations.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 May 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IIFL closed −0.6% on the day of the news, from ₹464.20 to ₹461.30; Nifty −0.6% over the same session.

Bulletin at 16:04 IST on 7 May 2026. Every change is measured from ₹464.20, the last close before it, on 7 May. Nifty 50 is measured over the same sessions.

  • IIFL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IIFL closes around the bulletin against the close before the news, with Nifty 50 rebased to it399.21464.20529.19axis spans 33%before the news · 7 May464.20Nifty 50IIFLbulletinD0+1+3+530 Apr13 May22 MayReference close ₹464.20. 16 sessions from 30 Apr to 22 May; the price axis spans 33 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 May₹464.20basebase
On the day8 May₹461.30▼ −0.6%▼ −0.6%0.0 pp difference
+1 session11 May₹462.35▼ −0.4%▼ −2.1%+1.7 pp difference
+3 sessions13 May₹463.60▼ −0.1%▼ −3.8%+3.6 pp difference
+5 sessions15 May₹464.85▲ +0.1%▼ −2.8%+3.0 pp difference
Gap at the open, % · ₹
0.0%0.00 on 8 May
Day's range, % · ₹
2.6%≈ 12 high to low
Volume on the day
0.40×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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