Fairfax is set to become a significant shareholder in IIFL Capital, investing ₹1,000 crore for a 10% stake. This move could potentially make them a co-promoter, triggering takeover regulations and bolstering IIFL's growth capital.

Fairfax is close to acquiring a significant 10% share in IIFL Capital, possibly through a preferential allotment. If the agreement goes ahead, it might lead to an open offer for additional shares.

The Indian government's proposed data tax of ₹1 per GB might lead to an approximately 20% increase in mobile bills, as estimated by IIFL Capital. This potential levy could result in effective tax rates ranging between 29-40%.