IIFLCAPSIIFL Capital Services Ltd.
IIFL Capital Services allots 5.71 crore shares to FIH Mauritius at ₹350
- Capital raise
- financial services
Reviewed byRachit TripathiBlacklitt Research
IIFL Capital Services (NSE: IIFLCAPS) allotted 5,71,42,857 equity shares at ₹350 each to FIH Mauritius Investments Ltd, for an aggregate consideration of ₹2,000 crore, it said in a filing on 04 Nov 2026. The allotment follows an investment agreement dated 7 May 2026 and was made after all applicable regulatory and statutory approvals were received.
Key highlights
- Shares allotted: 5,71,42,857 equity shares of INR 2/- each
- Issue price: ₹350 per share
- Aggregate consideration: ₹2,000 crore
- Equity shares after allotment: 37,26,75,369
The allotment in numbers
| Item | Detail |
|---|---|
| Allotted to | FIH Mauritius Investments Ltd |
| Shares allotted | 5,71,42,857 fully paid-up equity shares of INR 2/- each |
| Issue price | ₹350 per share |
| Aggregate consideration | ₹2,000 crore (INR 1,999,99,99,950 as printed in the filing) |
| Route | Preferential issue on a private placement basis |
| Equity shares before allotment | 31,55,32,512 |
| Equity shares after allotment | 37,26,75,369 |
| Listing | BSE Limited and National Stock Exchange of India Limited, in accordance with applicable law |
Share count after the allotment
The 5,71,42,857 shares allotted equal 18.1% of the 31,55,32,512 equity shares outstanding before the allotment. The issued, subscribed and paid-up capital therefore moves to 37,26,75,369 equity shares, each of face value INR 2/-.
The allotment was approved by the Preferential Issue Committee at its meeting on 4 Nov 2026, which ran from 1:30 p.m. to 1:50 p.m. The board had approved the issue to the investor in an earlier intimation dated 7 May 2026.
Price and consideration
Blacklitt's data gives the 03 Nov 2026 close as ₹347.95 a share.
Blacklitt's earlier articles on the company describe an open offer for a 26% stake at ₹350 a share, and a filing by the manager to that offer on 03 Nov 2026 reported nil tenders.
What the allotment means for IIFL Capital Services' shareholders
The filing does not say how the proceeds will be used, why the company is raising the capital, or what stake FIH Mauritius Investments Ltd will hold after the allotment, and it does not say whether the consideration has been received.
The next step the filing gives is listing of the subscription shares on BSE and NSE, in accordance with applicable law; it gives no date for that.
Filed with BSE on . Reference: Original filing (PDF)
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