IIFL Finance’s Board okays ₹6,414 cr capital raise from Blackstone PE, Co-promoters, Anchorage Capital

IIFL Finance said funds managed by Blackstone Private Equity, which is the world’s largest alternative asset manager, will invest ₹5,000 crores ($535 million) through a preferential allotment of compulsorily convertible preference shares (CCPS)