Blackstone Reportedly Plans Rs 5,000 Crore Investment in IIFL Finance
The proposed investment would give Blackstone a 15% stake and form part of a capital infusion exceeding Rs 6,200 crore, according to the report.
Blackstone's proposed investment forms part of a capital infusion of over Rs 6,200 crore, with IIFL Finance expecting stronger capital adequacy and lower borrowing costs.Blackstone is set to invest around Rs 5,000 crore in IIFL Finance for a 15 per cent stake, as the non-banking financial company…