IIFL Finance Share Price Jumps Over 10% On Rs 6,414 Crore Capital Raising Plan Led By Blackstone
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- ✓IIFL Finance share price jumped over 10% on Wednesday after the company announced a Rs 6,414 crore capital raising plan led by Blackstone.
- ✓The firm said, “Around 70% of the funds will be used for growth, while 30% will be used for the repayment of debt.” Shares got a boost.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
IIFL Finance share price jumped over 10% on Wednesday after the company announced a primary capital raise of Rs 6,414 crore, led by global investment firm Blackstone and its promoters. IIFL Finance shares rallied as much as 10.85% to Rs 694.65 apiece on the BSE.
The board of directors of IIFL Finance, at its meeting held on November 10, 2026, approved a primary capital raise of Rs 6,414 crore ($686 million) by way of a preferential issue.
The company said that funds managed by Blackstone Private Equity will invest Rs 5,000 crore ($535 million) through a preferential allotment of compulsorily convertible preference shares (CCPS) for an approximately 16% stake.
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