New Delhi, May 7 -- IIFL Capital share price jumped as much as 6% in Thursday's trading session after the company announced it would issue preferential shares to Fairfax India

The stock opened at Rs.335 apiece today, as compared to previous close of Rs.332.50 on Wednesday.

In an exchange filing dated 7 May, IIFL Capital said that Fairfax India will increase its shareholding, through its wholly owned subsidiary, FIH Mauritius Investments, by capital infusion of Rs.2,000 crore.

The company's board has approved the allotment of 5.71 crore fully paid-up equity shares to FIH Mauritius through a preferential issue at Rs.350 per share. Following the allotment, FIH Mauritius' stake in IIFL Capital will increase from 27.18% to 38.47% on a pre-o...