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

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

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

IIFL Finance's promoters Nirmal Jain and R Venkataraman will also infuse Rs 1,264 crore, taking the total primary capital raise to Rs 6,414 crore. The fundraise is expected to strengthen the NBFC's capital adequacy ratio to around 30 per cent from 17 per cent.

IIFL Finance 's board approved the primary capital raise through a preferential issue at its meeting held on November 10. Blackstone Private Equity will invest Rs 5,000 crore through compulsorily convertible preference shares (CCPS), which will convert into equity shares at Rs 602 per share, in line with the regulatory price, within 18 months of allotment. The company's promoters, Nirmal Jain and R Venkataraman, will invest Rs 1,264 crore through a preferential allotment of warrants. Anchorage Capital will also participate in the transaction through a Rs 150-crore primary equity investment . The entire investment will be infused as primary capital, raising IIFL Finance's capital adequacy ratio from around 17 per cent to approximately 30 per cent on a proforma basis as of September 2026. Advt

The company said the funds will strengthen its capital adequacy, improve its cost of funds, accelerate growth in its gold finance business and support its ambition to become one of India's largest diversified retail NBFCs. " He added that the partnership would provide the company with the balance-sheet headroom to scale its franchises, invest further in technology and deepen co-lending partnerships with banks, while maintaining discipline on risk and capital.


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