IIFL Finance Ltd approves a proposed ₹6,414.2 crore preferential placement of 8.55 crore CCPS and 2.10 crore warrants
- The proposal includes ₹5,000 crore from Ingot SG Pte. Ltd., an investment vehicle associated with Blackstone; promoter-group entities will subscribe to the warrants.
- Subject to shareholder and regulatory approvals, authorised share capital would rise to ₹5,621.05 crore from ₹971.05 crore, with amendments to the company’s constitutional documents and special rights for Ingot.
- An EGM is scheduled for December 4, 2026; shareholders will also consider redesignating Venkataraman Rajamani as a Non-Executive Non-Independent Director.