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The Economic Times
The Economic Times

Capital Group buys 1.5% stake in IIFL Fin for Rs 374 cr; stock rises over 2%

Capital Group IIFL Finance Fairfax India United States

New Delhi: Financial services company Capital Group has bought nearly a 1.5 per cent stake in IIFL Finance from Fairfax India's affiliate for Rs 374 crore through open market transactions, according to block deal data on the NSE.

Following the stake purchase, shares of IIFL Finance on Friday rose 2.43 per cent to trade at Rs 622.60 apiece on the National Stock Exchange (NSE).

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