Blackstone Agreed to Invest About $535 Million in IIFL Finance for a Stake of Roughly 16% in a Rs 6,414 Crore Capital Raise
Tuesday, November 10, 2026 · first reported by HedgeCo and 3 others
Funds managed by Blackstone Private Equity will put Rs 5,000 crore, about $535 million, into IIFL Finance, an Indian non-bank lender, for roughly 16% on a fully diluted basis. IIFL's board approved the investment on November 10 as the biggest piece of a Rs 6,414 crore primary raise.
Blackstone will invest through Singapore vehicle Ingot SG Pte Ltd, using compulsorily convertible preference shares at Rs 602 each that convert within 18 months of allotment. Promoters Nirmal Jain and Venkataraman Rajamani will contribute Rs 1,264 crore via warrants, and Anchorage Capital Rs 150 crore. Shareholders vote at a December 4, 2026 meeting, and regulatory approval is also required.
- Firm
- Blackstone
- Also named
- IIFL Finance
- Size
- $535M
- Stage
- Raising
- Asset class
- Private equity
- Geography
- Asia-Pacific
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
4 sources- HedgeCoBlackstone Agreed to Invest About $535 Million in IIFL Finance for a Stake of Roughly 16% in a Rs 6,414 Crore Capital Raise
- Business TodayIIFL Finance shares in focus as Blackstone to buy 16% stake
- The Economic TimesBlackstone to acquire 16% stake in IIFL Finance as NBFC announces Rs 6,414 crore capital raise led by glob
- BusinessLineIIFL Finance’s Board okays ₹6,414 cr capital raise from Blackstone PE, Co-promoters, Anchorage Capital
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