Company updateFinancial Express
Newspoint: Reputation and reinvention—Nirmal Jain, Founder, IIFL Finance
Positive+40
GreyOak summary
Blackstone plans a Rs 5,000 crore investment for a 16% stake in IIFL Finance. This follows the lifting of RBI restrictions on the company's gold loan business. Founder Nirmal Jain views the deal as a vote of confidence as profitability recovers.
What it affects
- IIFL FinanceIIFLPositive +40
Blackstone proposes Rs 5,000 crore for 16% stake.Rolling sentiment Positive +42
Source
Read the original at Financial ExpressMore IIFL Finance news
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