Fairfax India raises stake in IIFL Capital to 38% with ₹2,000 cr investment

IIFL Capital announced in a regulatory filing that it has allotted 57,142,857 equity shares to FIHM. The transaction, which took place on November 4, 2026, was priced at ₹350 per share for a total of ₹2,000 crore, according to Business Standard IN.

Separately, Sequoia Capital has closed its London office as part of a restructuring effort described by the firm as "The Sequoia of Tomorrow." While the firm stated it no longer sees a need for a physical European presence, it has raised €8.89 billion ($10 billion) in new funds and expects to continue supporting European founders from its Bay Area home base, according to EU-Startups.

Of the four London-based partners, Luciana Lixandru, Julien Bek, and George Robson have decided to remain in Europe. Only Anas Biad has confirmed he will relocate to the United States to remain with the firm.

Brief written by urgent.news from Business Standard IN, EU-Startups — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.