Theleme India increased its stake in IIFL Finance from 2.58% to 2.68% by purchasing 420,000 shares. This increased its total holding to 1.14 crore shares.
A diversified non-banking financial company providing loans and mortgages across multiple segments including home, gold, MSME, microfinance, and capital market finance. Through its subsidiaries, the company delivers customized lending solutions to retail and business customers throughout India. Its distinctive strength lies in offering a broad range of loan products tailored to meet the diverse credit needs of different customer categories and business segments.
India equity vehicle of Theleme Partners, a London-based concentrated hedge fund founded in 2009 by Patrick Degorce (founding partner of TCI under Chris Hohn, ex-Merrill Lynch and Lehman). Theleme runs around USD 2 bn in 13F securities across a high-conviction global long book that frequently includes large Indian positions.