Blackstone to buy about 16% stake in IIFL Finance for $535 million
FROM THE WIRE · THEHINDU.COM
Blackstone plans a 16% stake in IIFL Finance for $535 million, boosting capital and growth in secured lending, including gold finance.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA private equity investment of this size in an Indian lender strengthens capital and growth in secured lending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Blackstone plans to acquire a 16% stake in IIFL Finance.
- 02The deal is worth $535 million.
- 03The capital is meant to support growth in secured lending, including gold finance.