IIFL Finance’s board on Tuesday approved a preferential issue raising 6,414 crore rupees of primary capital, anchored by Blackstone-managed funds committing 5,000 crore rupees through compulsorily convertible preference shares, for an approximately 16 percent fully diluted stake. Co-promoters Nirmal Jain and R. Venkataraman will invest a further 1,264 crore rupees and Anchorage Capital 150 crore rupees. The company said the infusion would raise its capital adequacy ratio to about 30 percent from 17 percent, on a pro forma basis; the issue is subject to shareholder and regulatory approvals.
Blackstone to take about 16 percent of IIFL Finance
IIFL Finance's board approved a 6,414 crore rupee preferential capital raise on Tuesday, with Blackstone-managed funds committing 5,000 crore rupees for an approximately 16 percent fully diluted stake in the Indian non-bank lender.
Why it matters: The all-primary raise would lift IIFL's capital adequacy from about 17 percent to about 30 percent, giving one of India's largest retail lenders a much larger buffer and Blackstone a second major position in Indian finance.
Data as of IIFL Finance board approval reported November 10, 2026 by Bloomberg and The Hindu BusinessLine; the preferential issue remains subject to shareholder and regulatory approvals.
Sources
- Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet - Bloomberg - 2026-11-10
- Blackstone to buy about 16% stake in IIFL Finance for 5,000 crore rupees - The Hindu BusinessLine - 2026-11-10