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Fairfax offloads stake in IIFL Finance

09 Dec 2021 Evaluate

Hamblin Watsa Investment Counsel (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings has offloaded 57,76,899 shares of IIFL Finance. The shares were offloaded at Rs 312.65 apiece, taking the transaction size to Rs 180.61 crore. The transaction comes after HWIC Asia Fund divested 3.2 per cent stake in IIFL Finance for Rs 365 crore on December 1, 2021.

IIFL Finance is an Indian diversified financial services company.

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