Fairfax to raise stake in India’s IIFL Capital with $211 million investment


May 7 (Reuters) – India’s IIFL ‌Capital ‌Services said on ​Thursday that Fairfax India, an investment ‌holding ⁠company backed by ⁠Canada-based Fairfax Financial ​Holdings, ​will ​increase its ‌stake in the company to 51% through an ‌investment ​of ​20 ​billion rupees ($211.1 ‌million).

($1 = 94.7300 ​Indian ​rupees)

(Reporting by Kashish ​Tandon ‌in Bengaluru; Editing ​by Mrigank ​Dhaniwala)



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