IIFL Finance Ltd approves ₹6,414 crore preferential capital raise, including ₹5,000 crore from Blackstone
- Blackstone to invest via compulsorily convertible preference shares, converting at ₹602 per share within 18 months of allotment.
- Promoters to invest ₹1,264 crore through warrants; Anchorage Capital to invest ₹150 crore.
- Pro forma September 2026 capital adequacy ratio is expected to rise from ~17% to 30%, supporting secured-lending growth.
- Completion is subject to customary regulatory and shareholder approvals.