Blackstone in talks for 15% stake in IIFL Finance for a $500
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Blackstone is in talks to buy a 15% stake in IIFL Finance for $500-600 million.
- ✓The company board will meet on Tuesday, November 10, to discuss this fundraise.
- ✓Advent International is also in the race.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol.com
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
MC EXCLUSIVE Blackstone in talks for 15% stake in IIFL Finance for a $500-600 million deal; Advent also in fray
Discussions with both private equity investors are ongoing, with a conclusion expected later today. IIFL Finance's board is scheduled to meet on Tuesday (November 10) to consider the proposed fundraise.
Blackstone leads Advent in the race for a 15% IIFL Finance stake as the NBFC weighs a $500-600 million capital raise at its November 10 board meeting.
Blackstone in the lead to acquire 15% stake in IIFL Finance.
Deal involves USD 500-600 million primary equity infusion, including infusion from IIFL's promoters.
IIFL board to meet soon to finalize the PE investment.
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