Fairfax India Holdings Corporation, a Canada-based firm, plans to invest ₹2,000 crore (approximately $240 million USD) in IIFL Capital Services through its subsidiary, FIH Mauritius Investments. This investment will be executed via a combination of preferential allotment of equity shares and an open offer, raising Fairfax's stake in IIFL to at least 51% from the current 30.5%. The funds are intended to bolster IIFL's balance sheet and support growth across its capital markets, wealth management, asset management, and investment banking sectors. Prem Watsa, founder of Fairfax India, praised the long-standing partnership with IIFL's founders, Nirmal Jain and R Venkataraman, highlighting IIFL's strong position in India's financial services market. The transaction is subject to regulatory and shareholder approvals, and the induction of Fairfax representatives on IIFL's board is expected to enhance governance and risk management frameworks.