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Blackstone to buy about 16% stake in India's IIFL Finance for $535 million
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Blackstone will invest 50 billion Indian rupees ($535 million) for an approximately 16% stake in India’s IIFL Finance, as part of a 64.14 billion rupee capital raise, the non-banking financial company said on Tuesday (November 10, 2026). The issue will also include a 12.64 billion rupee investment by existing investors Nirmal Jain and R.
Venkataraman, while Anchorage Capital will invest another ₹1.5 billion. The investment will raise IIFL Finance’s capital adequacy ratio to about 30% from 17%, the company said.
The additional capital will support growth in its secured lending businesses, particularly gold finance, and could help improve its credit ratings and lower borrowing costs over time.
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