Fairfax India Holdings Corporation has launched an open offer to acquire an additional 26% stake in IIFL Capital Services. This move follows a Rs 2000 crore investment that increased Fairfax’s holding to 38.47%. The offer is priced at Rs 350 per share for approximately 10 crore equity shares.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline