Azb & Partners Advised Fairfax India In Completing Sale Of Equity Interest In Iifl Wealth Management

08/07/2023

Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces 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 result of the closing of the transaction, Fairfax India’s share ownership in IIFL Wealth will be approximately 3.8%.

 

AZB & Partners advised FIH Mauritius Investments Limited (“Fairfax”) in the deal. The AZB & partners team comprised of Partners Darshika Kothari and Divya Mundra, and Senior Associate Raghav Shah.

 

Write to us at deals@lawwiser.com

Share
Share your details to Register For the Upcoming Event