MUMBAI (Jan 7): TPG Capital is in talks to buy a stake of up to 20% in Indian securities firm IIFL Capital Services, according to two sources familiar with the deal. US buyout group TPG, TPG Capital's parent, declined to comment, while IIFL Capital Services did not respond to a request for comment. Earlier on Wednesday, local newspaper the Economic Times reported that TPG was closing in on a deal to acquire 30% to 40% of IIFL Capital Services. The deal size was estimated to be in the range of 36.36 billion rupees to 48.48 billion rupees (US$404.3 million to US$539.1 million). IIFL Capital Services shares rose as much as 5.3% to 411.30 rupees in early trading before paring gains to trade 1.4% higher in the afternoon session.

Source: The Edge Markets January 07, 2026 07:57 UTC