CCI clears Fairfax India's proposal to acquire addl stake in IIFL Capital Services
The Competition Commission of India (CCI) on Tuesday cleared Fairfax India Holdings Corporation's proposal to acquire an additional stake in IIFL Capital Services.
The Competition Commission of India (CCI) on Tuesday cleared Fairfax India Holdings Corporation's proposal to acquire an additional stake in IIFL Capital Services.
Fairfax India Holdings Corporation, through its affiliate FIH Mauritius Investments Ltd (FIHM), is acquiring the stake in IIFL Capital Services.
Under the proposed combination, FIHM will subscribe to fresh equity shares of IIFL Capital Services through a preferential issue on a private placement basis and acquire shares tendered by public shareholders under a mandatory open offer, CCI said.
