US private equity firm TPG Capital is reportedly in advanced talks to acquire a significant stake, ranging from 20% to 40%, in IIFL Capital Services, the broking and wealth management arm of Nirmal Jain's group. The potential deal, which could involve an open offer and a board seat for TPG, is valued up to 8,000 crore. This investment coincides with IIFL Capital's plans to expand its wealth management and private credit businesses amidst India's growing wealth market.