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flag TPG Capital nears buying 30-40% of India’s IIFL Capital, possibly becoming its largest shareholder in a deal up to ₹8,000 crore.

flag TPG Capital is close to acquiring a 30-40% stake in India’s IIFL Capital Services, potentially becoming its largest shareholder, in a deal that could reach up to ₹8,000 crore if an open offer is fully subscribed. flag The investment, valued between ₹3,635.7 crore and ₹4,847.6 crore, reflects growing global interest in India’s wealth management sector. flag IIFL, formerly IIFL Securities, has rebranded to focus on full-service wealth management, expanding its network and hiring senior talent from global banks. flag It serves over 457,000 clients, generates most of its revenue from broking and margin trading, and has a market value of ₹12,119.18 crore. flag The deal aligns with TPG’s strategy to invest in high-growth Asian financial services firms.

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