Blackstone to Invest ₹5,000 Crore for About 16% Stake in IIFL Finance
IIFL Finance said the investment is part of a ₹6,414 crore capital raise. Existing investors Nirmal Jain and R Venkataraman will also invest ₹1,264 crore.
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09:53:32 PM UTC
SquawkNews
IIFL Finance Ltd’s Board of Directors on Tuesday approved a primary capital raise of ₹6,414 crores ($686 million) from funds managed by Blackstone Private Equity, the company’s promoters and Anchorage Capital.The entire investment will raise the retail-focused non-banking financial company’s capita…
Blackstone will invest ₹5,000 crore for an approximately 16% stake in IIFL Finance, as part of a ₹6414 crore capital raise, the non-banking financial company said on Tuesday.The issue will also include a ₹1264 crore investment by existing investors Nirmal Jain and R Venkataraman, while An…