Blackstone to Acquire 16% Stake in India's IIFL Finance for $535 Million
Blackstone (BX) has agreed to invest 50 billion rupees (approximately $535 million) to acquire a roughly 16% stake in IIFL Finance, a prominent retail-focused non-banking financial company (NBFC) in India. The transaction marks a significant capital infusion into the Indian credit market. In addition to Blackstone's investment, IIFL's co-promoters, Nirmal Jain and R. Venkataraman, are contributing 12.6 billion rupees ($135 million) toward the deal. This combined investment underscores growing institutional interest in India's specialized lending sector.
Tickers: $BX
Topics: Investment Non-Banking Financial Company Private Equity
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Part of the story Blackstone to take 16% stake in India non-bank lender IIFL Finance (2 articles)