India, Sept. 24 -- The Competition Commission of India (CCI) has approved the acquisition of additional equity share capital in IIFL Capital Services Limited by FIH Mauritius Investments Ltd. (FIHM).
Under the proposed transaction, FIHM will subscribe to fresh equity shares of IIFL Capital through a preferential issue on a private placement basis and acquire additional shares tendered by public shareholders under the mandatory open offer. It may also purchase shares from the promoters if the required shareholding is not achieved through the primary subscription and open offer.
FIHM is a Mauritius-based investment holding company and a wholly owned subsidiary of Fairfax India Holdings Corporation, which is listed on the Toronto Stock Excha...