From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Blackstone to buy about 16% stake in India's IIFL Finance for $535 million
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left · 2 outlets
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
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center · 1 outlet
Global investment firm Blackstone is set to acquire nearly 16 per cent stake in IIFL Finance for Rs 5,000 crore as part of a larger Rs 6,414 crore capital raising plan approved by the company's board on Tuesday.
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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