Blackstone to acquire 16% stake in IIFL Finance for Rs 5,000 crore

Picture: ET BFSI · see the original ↗

Blackstone Private Equity will invest Rs 5,000 crore in IIFL Finance for a 16% stake. Promoters Nirmal Jain and R Venkataraman are also infusing Rs 1,264 crore, taking the total primary capital raise to Rs 6,414 crore. The investment aims to strengthen the company's financial capabilities, support growth in retail lending and bring in global expertise.

Source: ET BFSI ↗

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