Fairfax likely to buy 10% more in IIFL Capital via preferential allotment

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Fairfax Financial Holdings plans to boost its stake in IIFL Capital Services. The deal is valued at approximately ₹1,000 crore. This move will see Fairfax's holding increase by about 10%. The transaction is expected to trigger an open offer under Indian regulations. Prem Watsa's firm is doubling down on its investment after thorough due diligence.