Mauritius firm gets CCI nod to boost stake in IIFL Capital Services Ltd

The Competition Commission of India (CCI) has approved the acquisition of IIFL Capital Services Limited (Target) by FIH Mauritius Investments Ltd. (Acquirer). The Proposed Combination involves the acquisition of certain issued and paid-up equity share capital of Target on a fully diluted basis. The Acquirer is a private company limited by shares incorporated in Mauritius and holds a Global Business License issued by the Financial Commission of Mauritius.

Source

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Quick Revision

Prelims-testable facts

01The Competition Commission of India (CCI) has approved the acquisition of additional equity share capital of IIFL Capital Services Ltd by FIH Mauritius Investments Ltd.
02FIH Mauritius Investments Ltd is a private company limited by shares incorporated in Mauritius, which is an investment holding company focused on long-term capital appreciation.
03FIH Mauritius Investments Ltd holds a Global Business License issued by the Financial Commission of Mauritius.
04Fairfax India Holdings Corporation is the parent entity of FIH Mauritius Investments Ltd and is listed on the Toronto Stock Exchange.
05IIFL Capital Services Ltd is a public limited company incorporated in India and is registered with the Securities and Exchange Board of India (SEBI).
06The acquisition of additional equity share capital of IIFL Capital Services Ltd by FIH Mauritius Investments Ltd was approved by the CCI on September 22, 2026.
07FIH Mauritius Investments Ltd is a wholly owned subsidiary of Fairfax India Holdings Corporation, a Canadian-based holding company.

Trap alerts

Most people think the CCI approval is for a complete acquisition, but actually it's for the acquisition of additional equity share capital.
Most people think Fairfax India Holdings Corporation is an Indian company, but actually it's a Canadian-based holding company.

Prelims Practice MCQs

Single facteasy

Which of the following entities approved the acquisition of certain additional equity share capital of IIFL Capital Services Ltd?

A.Reserve Bank of India
B.Securities and Exchange Board of India
C.Competition Commission of India
D.Ministry of Corporate Affairs

The Competition Commission of India (CCI) is the body responsible for approving mergers and acquisitions in India.

Multiple statementsmedium

Consider the following statements regarding Competition Commission of India (CCI): 1. The Competition Commission of India (CCI) is the body responsible for approving mergers and acquisitions in India. 2. The CCI is headquartered in Mumbai. 3. The CCI has approved over 10,000 mergers and acquisitions in the past year. How many of the above statements are correct?

A.Only one
B.Only two
C.All three
D.None

The fact list states that the CCI is the body responsible for approving mergers and acquisitions in India, but does not provide information about its headquarters or the number of approvals it has given.

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