IIFL Capital Services has issued a clarification regarding media reports about potential stake acquisition by private equity firm TPG Capital. The company addressed speculation about a significant minority stake transaction through an official exchange notice on Wednesday.

Company's Official Response

IIFL Capital, formerly IIFL Securities, stated that it explores "various strategic opportunities" from time to time in response to reports suggesting TPG Capital was considering acquiring a 30-40% minority stake in the company. The firm emphasized that as of the current date, there is no information or development requiring disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Media Reports and Speculation

According to media reports published on Wednesday, TPG Capital's eventual holding would depend on the stock tendered by minority shareholders in any potential open offer. The reports suggested the private equity firm was evaluating a significant investment in the financial services company, though no official confirmation had been provided by either party.

Current Shareholding Structure

The company's existing ownership structure reflects a diversified shareholder base with key institutional and promoter holdings:

Regulatory Compliance

The company's statement specifically referenced SEBI's listing regulations, indicating its commitment to maintaining transparency with investors and regulatory authorities. By clarifying that no disclosure-worthy developments have occurred, IIFL Capital has addressed market speculation while maintaining compliance with exchange requirements.

The clarification comes amid ongoing interest from private equity firms in India's financial services sector, though IIFL Capital has made clear that any strategic opportunities remain exploratory at this stage.

IIFL Capital Services has issued an official clarification to BSE Limited addressing recent media reports about potential strategic investments, including speculation about TPG Capital acquiring a significant stake in the Mumbai-based financial services firm. The company stated that while it explores various strategic opportunities, no current developments require disclosure under SEBI regulations.

Official Response to Exchange Query

In response to BSE's inquiry about negotiations reported in Economic Times, IIFL Capital provided clear clarifications on key questions raised by the exchange.

The company emphasized that it explores strategic opportunities from time to time but maintains compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Meghal Shah signed the clarification document, confirming the company's position on the matter.

Market Context and Previous Speculation

Prior reports had suggested TPG Capital was conducting due diligence to acquire a 30-40% minority stake in IIFL Capital, with the potential transaction positioning TPG as the single largest shareholder. The speculation had indicated a deal structure involving both primary and secondary capital infusion.

Current Business Performance

IIFL Capital has been transforming into a full-service wealth manager, operating through more than 100 branches with 3,500 external wealth partners. For the first nine months of FY25, the company reported total income of ₹1,994.00 crores and profit after tax of ₹585.00 crores.

Shareholding Structure

The current shareholding structure shows promoters Nirmal Jain and Madhu Jain holding 30.98% of the company. Fairfax, backed by Prem Watsa, maintains the second-largest position with 27.27% through FIH Mauritius Investment, while Abu Dhabi Investment Authority also holds a stake in the company.

The company's clarification comes amid continued investor interest in the wealth management space, with the firm maintaining its strategic focus on building capabilities through relationship manager additions from leading financial institutions including Citi, Barclays, Axis Bank, and Standard Chartered.