IIFL Capital Services Limited

Theleme India decreased its stake in IIFL Capital Services Limited from 2.77% to 1.73%, selling 3,192,141 shares worth ₹107.5 crore at ₹336.95 apiece.

A diversified financial services firm providing stockbroking, investment banking, and wealth management solutions to retail and institutional clients across India. Established in 1996 as the broking arm of IIFL Group, the company offers equities trading, commodity and currency broking, financial products distribution, financial planning and advisory services. Its integrated business model spans multiple asset classes and customer segments, serving investors through digital platforms and traditional advisory channels nationwide.

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.