IIFL Capital Services Limited reported operational PBT of 206 crores, up almost 40% quarter-on-quarter. Fairfax has received approvals for a proposed 51% acquisition, with closing expected in November.

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Operational PBT, which was before mark-to-market, was 206 crores, up almost 40% on a quarter-on-quarter basis. FIH, Fairfax, Morris Church Investments, has received all requisite regulatory and shareholder approvals for the proposed acquisition of 51% of the company through a preferential allotment, open offer, and other arrangements with the promoters. The press allotment and open offer are under implementation and we are expecting that we will get close in this month of November itself. Open the document at this passage

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