IIFL Finance Secures ₹6,414 Crore Capital Boost

IIFL Finance has officially received board approval for a massive primary capital raise of ₹6,414 crore (approximately $686 million) through a preferential issue. This strategic infusion is anchored by funds managed by Blackstone Private Equity, which will invest ₹5,000 crore ($535 million) via a preferential allotment of compulsorily convertible preference shares (CCPS). Under the approved terms of the transaction, these CCPS will be converted into equity shares at a price of ₹602 apiece within 18 months from the date of allotment. The remaining capital portion will be raised from other marquee investors participating in the preferential issue, further diversifying the institutional shareholder base. This substantial capital raise marks a pivotal milestone for IIFL Finance as it looks to fortify its balance sheet, improve capital adequacy ratios, and accelerate long-term expansion across its core lending verticals. With strong institutional backing from a global private equity powerhouse like Blackstone. IIFL