TPG, Bain in Talks for Strategic Stake in IIFL Capital Services

On October 29, 2025, IIFL Capital Services shares fell up to 8%, reaching a day low of ₹337.05 at 09:45 AM, after opening at ₹361.95 on BSE. The drop in IIFL Capital Services shares follows the news about the purchase of a stake by TPG and Bain Capital.

TPG and Bain Capital to Buy Stake

As per CNBC-TV18 news report, IIFL Capital Services is in advanced discussions to bring on board a major private equity investor as a strategic partner. TPG Capital has emerged as the frontrunner to acquire up to 19.99% in IIFL Capital Services. Bain Capital is also said to be evaluating a sizeable stake in the company. The potential transaction is expected to be valued at over ₹2,500 crore.

IIFL Capital Q1FY26 Performance

IIFL Capital Services, formerly known as IIFL Securities operates across broking, investment banking, wealth management, and financial product distribution. IIFL Capital recently reported strong financial results for the quarter ended June 30, 2025:

• Consolidated revenue:₹680 crore, up 19% QoQ
• Profit after tax:₹176 crore, up 37% QoQ
• Distribution AUM:₹35,719 crore, up 14% QoQ
• DP assets:₹2,08,352 crore, up 10% QoQ

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IIFL Capital’s institutional broking division provides extensive research coverage across 311 stocks, representing about 73% of India’s market capitalisation. IIFL Capital maintains a solid footprint in the retail and non-institutional segments, operating through 100+ branches and a network of over 4,000 partners across India.

For the quarter, the average daily market turnover for the broking business stood at ₹2,23,232 crore, marking a 31% YoY decline, primarily due to lower derivative volumes following recent regulatory changes.

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