Fairfax India Holdings Corporation (Fairfax India), an investment holding company, announced that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (IIFL Wealth) to Bain Capital for gross proceeds of approximately $172 million (approximately INR14.0 billion at current exchange rates). As a…
Bain Capital, a global private multi-asset alternative investment firm, announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management Limited (IIFLWAM), one of the largest and fastest growing wealth and asset management firms in India from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd, a wholly owned subsidiary…
IIFL Wealth Management Limited (IIFL Wealth) announced it has appointed Rohit Bhase as Company Secretary & Compliance office of the Company, with effect from Aug 04, 2021. Also, the company announced the resignation of Amit Bhandari as the Company Secretary & Compliance Officer of the Company. Rohit Bhase, is a qualified member of the Institute…