The biggest IIFL Finance news today is that U.S. investment

IIFL The biggest IIFL Finance news today is that U.S. investment giant Blackstone is investing ₹5,000 crore for a nearly 16% stake, while Canada’s Fairfax is preparing to exit its 11% holding to fund its IDBI Bank purchase. IIFL shares surged up to 11% on the announcement, with brokerages maintaining strong “Buy” ratings. 📊 Key Developments Blackstone Investment Blackstone, via its Singapore arm Ingot SG Pte, will invest ₹5,000 crore (~$535M) in IIFL Finance. This gives Blackstone a 15.6% stake post-issue. Promoters Nirmal Jain and R. Venkataraman will add ₹1,264 crore via warrants. Anchorage Capital is contributing ₹150 crore. Total capital raise: ₹6,414 crore (~$686M). Fairfax Exit Canada’s Fairfax Financial Holdings plans to sell its 11% stake in IIFL Finance. The move is to free funds for Fairfax’s planned 60% acquisition of IDBI Bank.