From The Tribune
Center Owned by The Tribune TrustBlackstone to acquire nearly 16% stake in IIFL Finance for Rs 5,000 crore
What's behind this
Blackstone is set to buy about a 16% stake in IIFL Finance for $535 million. The transaction is part of a broader fundraise of roughly ₹6,414 crore led by the private‑equity firm, in which the NBFC’s promoters are also co‑investing. Existing investors Nirmal Jain and R. Venkataraman will contribute about ₹12.64 billion, while Anchorage Capital will add another ₹1.5 billion.
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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 · 2 outlets
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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right · 1 outlet
The issue will also include a ₹1264 crore investment by existing investors Nirmal Jain and R Venkataraman, while Anchorage Capital will invest another ₹150 crore
RSS excerpt
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.
