Economic TimesLean R·
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares rallied as much as 4.90% to hit an intraday high of Rs 657.70 during Wednesday's trading session after the company announced a Rs 6,414 crore ($686 million) primary capital infusion led by global investment firm Blackstone and its promoters.The proposed fundraise is among the largest primary private equity investments in a listed Indian non-banking financial company (NBFC).In a regulatory filing, IIFL Finance said its board, at a meeting held on November 10, approved the cap…
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