IIFL Finance said funds managed by Blackstone Private Equity, which is the world’s largest alternative asset manager, will invest ₹5,000 crores ($535 million) through a preferential allotment of compulsorily convertible preference shares (CCPS)
IIFL Finance’s Board okays ₹6,414 cr capital raise from Blackstone PE, Co-promoters, Anchorage Capital
EXECUTIVE SUMMARY
IIFL Finance said funds managed by Blackstone Private Equity, which is the world’s largest alternative asset manager, will invest ₹5,000 crores ($535 million) through a preferential allotment of compulsorily convertible preference shares (CCPS)
Key Takeaways
- IIFL Finance’s Board okays ₹6,414 cr capital raise from Blackstone PE, Co-promoters, Anchorage Capital.
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Published originally on The Hindu Business Line
