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IIFL AMC to expand strategy, investor base as it mops up ₹2,600 cr in pre-IPO fund

IIFL AMC to expand strategy, investor base as it mops up ₹2,600 cr in pre-IPO fund

14 Mar 2022

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IIFL AMC to expand strategy, investor base as it mops up ₹2,600 cr in pre-IPO fund

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IIFL Wealth and Asset Management (IIFL AMC), backed by Fairfax Financial Holdings Ltd, is raising ₹2,600 crore (around $340 million) in its pre-initial public offering (IPO) series fund as it plans to expand its investor base to institutional investors, its senior executive told VCCircle. “We have already received commitments for ......