Blackstone to invest ₹5,000 crore in IIFL Finance for 16% stake

Blackstone will invest ₹5,000 crore in IIFL Finance for a 16% stake on a fully diluted basis, giving the lender a stronger capital base to expand its secured lending business. The deal, part of a ₹6,414-crore fundraise, marks a major private equity bet on India's NBFC sector.