Blackstone to buy about 16% stake in India's IIFL Finance for $535 million
Blackstone is set to acquire a 16% stake in India's IIFL Finance for $535 million as part of a larger capital raise. The investment is intended to bolster the company's capital adequacy and support growth in its secured lending sectors.
Why it matters
This significant investment highlights continued international investor interest in the Indian financial services sector.
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).
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