TPG nears deal to buy 30-40% stake in Nirmal Jain’s IIFL Capital, open offer likely

US buyout group TPG Capital is nearing a deal to acquire a significant minority stake of 30-40% in Nirmal Jain’s IIFL Capital Services. This move could position TPG as the largest shareholder, coinciding with Jain’s plans to re-enter wealth management. The potential transaction, including an open offer, could be valued up to ₹8,000 crore.

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