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Coverage dated November 10, 2026 to November 11, 2026

Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth

Headline from Bloomberg

Blackstone Inc.’s investment in IIFL Finance Ltd. will enable the Indian shadow lender to sustain 25% to 30% annual lending growth over the next three to four years, besides lowering borrowing costs, its billionaire founder Nirmal Jain said.

Bloomberg's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

3 articles, oldest first.

  1. Bloomberg

    Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet (opens Bloomberg)

    Published

    Bloomberg's feed description

    Blackstone Inc. will acquire a 15.57% stake in mid-sized Indian shadow lender IIFL Finance Ltd. for about 50 billion rupees ($532 million), deepening its push into the country’s financial sector as global investors increase their exposure to its fast-growing economy.

  2. Quartz

    Blackstone will buy a 15.57% stake in Indian lender IIFL Finance for about $532 million (opens Quartz)

    Published

    Quartz's feed description

    The investment is expected to lift IIFL's capital adequacy ratio to about 30% from roughly 17% on a pro forma basis as of September

  3. Bloomberg

    Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth (opens Bloomberg)

    Published

    Bloomberg's feed description

    Blackstone Inc.’s investment in IIFL Finance Ltd. will enable the Indian shadow lender to sustain 25% to 30% annual lending growth over the next three to four years, besides lowering borrowing costs, its billionaire founder Nirmal Jain said.