The investment will raise IIFL Finance’s capital adequacy ratio to about 30% from 17%, Blackstone said.
| Photo Credit: Reuters
Blackstone will invest 50 billion Indian rupees ($535 million) for an approximately 16% stake in India’s IIFL Finance, as part of a 64.14 billion rupee capital raise, the non-banking financial company said on Tuesday (November 10, 2026).
The issue will also include a 12.64 billion rupee investment by existing investors Nirmal Jain and R. Venkataraman, while Anchorage Capital will invest another ₹1.5 billion.
The investment will raise IIFL Finance’s capital adequacy ratio to about 30% from 17%, the company said.
The additional capital will support growth in its secured lending businesses, particularly gold finance, and could help improve its credit ratings and lower borrowing costs over time.
Published – November 10, 2026 11:03 pm IST
