BusinessPhoto: Business StandardIIFL Finance to Raise ₹6,414 Crore from Blackstone and Promoters
IIFL Finance, an NBFC, announced a ₹6,414 crore capital raise including ₹5,000 crore from Blackstone for a 16% stake. Promoters Nirmal Jain and Venkataraman Rajamani will invest ₹1,264 crore, and Anchorage Capital ₹150 crore. The fundraise will boost the capital adequacy ratio from 17% to 30% by September 2026, enabling expansion of secured lending. Investments include preferential securities and convertible shares.
Business Standard·



