Business
Blackstone Acquires 15.7% Stake in IIFL Finance for Rs 5,000 Crore
Global investment firm Blackstone is set to acquire a 15.7% stake in IIFL Finance through a Rs 5,000-crore investment. The company's board approved the issuance of compulsorily convertible preference shares and warrants at Rs 602 per share. This strategic capital infusion is expected to significantly bolster the financial services firm's growth and liquidity position.
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