Blackstone will buy a 15.57% stake in Indian lender IIFL Finance for about $532 million
Summary
Blackstone will invest ₹5,000 crore in IIFL Finance for a 16% stake on a fully diluted basis, giving the lender a stronger capital base to expand its secured lending business. Covered by 3 outlets: 1 lean left, 2 are centre.
Automated summary picked from the outlets' own descriptions.
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IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower...
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Blackstone’s investment a vote of confidence in IIFL Finance, says MD Nirmal Jain - Moneycontrol.com
Blackstone’s investment a vote of confidence in IIFL Finance, says MD Nirmal Jain Moneycontrol.com Blackstone to buy about 16% of IIFL Finance in latest foreign bet on Indian lenders Reuters The great Indian money hunt: Why India's shadow banks are pulling in billions of...
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Blackstone to invest ₹5,000 crore in IIFL Finance for 16% stake
Blackstone will invest ₹5,000 crore in IIFL Finance for a 16% stake on a fully diluted basis, giving the lender a stronger capital base to expand its secured lending business. The deal, part of a ₹6,414-crore fundraise, marks a major private equity bet on India's NBFC sector.
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Blackstone will buy a 15.57% stake in Indian lender IIFL Finance for about $532 million
The investment is expected to lift IIFL's capital adequacy ratio to about 30% from roughly 17% on a pro forma basis as of September
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