Blackstone to Acquire 15% Stake in IIFL for Rs 5,000 Crore
Blackstone will invest approximately Rs 5,000 crore to acquire a 15% stake in IIFL Finance. Promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to maintain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, via Anchorage Capital, will add about Rs 100 crore, bringing total capital infusion to over Rs 6,200 crore.
Economic Times··Mumbai



