Exclusive | TPG, Bain Capital in race for up to 20% stake in IIFL Capital, say sources
Published on 28/10/2025 04:55 PM
Exclusive | TPG, Bain Capital in race for up to 20% stake in IIFL Capital, say sourcesSources told CNBC-TV18 that TPG Capital is the frontrunner to acquire up to 19.99% in IIFL Capital, while Bain Capital is also exploring a significant stake in the firm.By Yash Jain October 28, 2025, 4:55:01 PM IST (Updated)1 Min ReadIn an exclusive development, sources told CNBC-TV18 that IIFL Capital Services may bring in a large private equity player as a strategic investor.
According to the sources, TPG Capital has emerged as the frontrunner to acquire up to 19.99% in IIFL Capital, while Bain Capital is also in the race for a significant stake.
The potential deal is likely to be valued at upwards of ₹2,500 crore, sources familiar with the discussions said. IIFL Capital’s business includes broking, investment banking, wealth management and financial product distribution.
Also Read: IIFL’s Rikin Shah sees bank margins stabilising by December quarter
CNBC-TV18 has reached out to IIFL Capital for a response, which is awaited. TPG Capital, when contacted, said it would not be able to comment on the query.
Shares of IIFL Capital Services Ltd closed 3.11% lower at ₹370.70 on Tuesday on the NSE.
Also Read: Megasoft shares in 5% upper circuit for fifth day after ₹213 crore UK acquisitionContinue Reading(Edited by : Sheersh Kapoor)First Published: Oct 28, 2025 4:47 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsacquisition planBain CapitalIIFLshare market todayTPG Capital