Blackstone Set to Buy 15% of IIFL in Rs 5,000 Crore Deal
Blackstone is poised to invest about Rs 5,000 crore for a 15% stake in IIFL Finance, in a transaction that would mark one of the largest recent private capital infusions into an Indian financial services company. Promoters Nirmal Jain and R Venkataraman are expected to invest Rs 1,200 crore to maintain their combined holding at roughly 25%, while Rohit Kothari, through Anchorage Capital, will add about Rs 100 crore, taking the total capital raise beyond Rs 6,200 crore.
