IIFL Finance shares soar 11% as firm to raise ₹6,414 crore from investors led by Blackstone and promoters

The non-banking financial company (NBFC) will raise a capital of ₹6,414 crore through a preferential issue, with global investment firm Blackstone set to invest ₹5,000 crore in the company to drive the next phase of growth.

The fundraise also includes an investment of ₹1,264 crore by the company’s promoters, Nirmal Jain and R Venkataraman, through preferential allotment of warrants, while Anchorage Capital will invest ₹150 crore through a primary equity investment.

The proposed transaction is subject to customary regulatory and shareholder approvals, IIFL Finance said in a regulatory filing.

This will raise the capital adequacy ratio from 17% to about 30% and support the next phase of growth across its secured lending businesses and could improve its credit ratings and lower its borrowing costs over time, the company said.

Blackstone Private Equity will invest ₹5,000 crore through compulsorily convertible preference shares (CCPS), which will convert into equity shares at ₹602 apiece, in line with the regulatory price, within 18 months of allotment.

As per the statement, it is one of the largest primary private equity infusions in a listed NBFC.

The statement further said the capital infusion will strengthen its capital adequacy, improve its cost of funds and accelerate growth in its gold finance business, besides supporting its ambition to emerge as one of India’s largest diversified retail-focused NBFCs.

The company and its promoters have entered into definitive agreements with Blackstone and Anchorage Capital in this regard, it said.

The company also expects to benefit from Blackstone's global network and operational expertise in areas such as technology, data and artificial intelligence (AI), which would help scale its secured lending businesses and strengthen its franchise.

The proposed appointment of Blackstone representatives to the company's board is also expected to strengthen governance standards and oversight.

“We are delighted to welcome Blackstone as a partner in IIFL Finance. Their investment is a strong endorsement of the franchise our team has built, and of the opportunity to bring formal, secured credit to millions of underserved households and small businesses across India,” IIFL Finance Founder and Managing Director Nirmal Jain said.

Promoters Jain and Venkataraman are jointly investing ₹1,264 crore alongside Blackstone, reflecting their confidence in the company’s next phase of growth.

The partnership would strengthen the balance sheet, provide headroom to scale businesses, increase technology investments and deepen co-lending partnerships with banks, he added.

Mukesh Mehta, Chief Investment Officer for India Private Equity and Senior Managing Director at Blackstone, said the firm was pleased to invest in IIFL Finance, describing it as a leading retail lending platform with a strong franchise and commitment to serving underserved customers.

Blackstone looks forward to partnering with the company’s promoters and management team to support its continued growth, he added.

IIFL Finance share price trends

At 10:24 AM, IIFL Finance shares were trading at ₹674.45 apiece on the National Stock Exchange, surging 7.5%.

From the beginning of the year, IIFL Finance shares have soared over 9%. Over a month’s time, the stock has advanced 12%, while for a six-month period, it has rallied 47%.

Shares of the firm had hit a 52-week high of ₹705 on August 24, 2025, and a 52-week low of ₹409.10 on April 27, 2026.

According to NSE data, as of November 11, 2026, IIFL Finance has a total market capitalisation of ₹28,935.71 crore.