Company updateFinancial Express
Blackstone deal gives runway for IIFL Finance
Positive+26
GreyOak summary
IIFL Finance secured a Rs 6,414 crore capital infusion led by Blackstone to boost capital adequacy to 30%. The funds will support 25% AUM growth in FY27, with 70% allocated to new lending and 30% for debt repayment. Blackstone will join the board, while Fairfax's stake dilutes to 11%.
What it affects
- IIFL FinanceIIFLPositive +26
Rolling sentiment Positive +42
Source
Read the original at Financial ExpressMore IIFL Finance news
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