IIFL Finance to Raise ₹6,414 Cr from Blackstone, Promoters

IIFL Finance Limited announced a significant capital raise of ₹6,414 Crores ($686 million) through a preferential issue. Funds managed by Blackstone Private Equity will invest ₹5,000 Crores ($535 million), and the promoters, Mr. Nirmal Jain and Mr. R. Venkataraman, will invest ₹1,264 Crores ($135 million) via warrants. Anchorage Capital will also invest ₹150 Crores ($16 million). This primary capital infusion is expected to raise the capital adequacy ratio from approximately 17% to 30% (proforma Sept-26), support growth in secured lending businesses, potentially improve credit ratings, and lower borrowing costs. The funds will strengthen the company's capital adequacy, improve its cost of funds, and accelerate growth in its gold finance business.