IIFL Finance to raise ₹6,414 crore from Blackstone and promoters

IIFL Finance announced plans to raise ₹6,414 crore through a combination of strategic and promoter investments, marking a major capital infusion for the non-banking financial company. Blackstone will lead the fundraise with an investment of ₹5,000 crore, securing a 15.57 per cent stake in the NBFC.

Existing promoters will contribute ₹1,264 crore as part of the capital-raising exercise. Together, these investments will enhance IIFL Finance's balance sheet and operational capacity significantly.

The capital infusion is anticipated to elevate the company's capital adequacy ratio to approximately 30 per cent, providing a stronger cushion to support future growth and regulatory compliance. The improved capital position will enable IIFL Finance to expand its lending portfolio and strengthen its presence across its business segments.

The move underscores confidence from institutional investors in IIFL Finance's business model and growth prospects. Blackstone's participation in the fundraise signals the investment community's optimism regarding the NBFC sector in India, even as non-banking financial companies navigate evolving regulatory requirements and macroeconomic conditions.

The transaction is subject to customary regulatory approvals and closing conditions.