Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet
Blackstone Inc. will acquire a 15.57% stake in mid-sized Indian shadow lender IIFL Finance Ltd. for about 50 billion rupees ($532 million), deepening its push into the country’s financial sector as global investors increasingly seek exposure to its fast-growing economy.
<p>Blackstone Inc. will acquire a 15.57% stake in mid-sized Indian shadow lender IIFL Finance Ltd. for about 50 billion rupees ($532 million), deepening its push into the country’s financial sector as global investors increasingly seek exposure to its fast-growing economy.</p>