Blackstone will ​invest 50 billion Indian ‌rupees ($535 million) for an ​approximately 16% ⁠stake in India’s IIFL Finance, as part of ‌a 64.14 billion rupee capital raise, ‌the non-banking ‌financial ⁠company said on ⁠Tuesday (November 10, 2026).

The issue will also include a 12.64 billion ​rupee ‌investment by existing investors Nirmal Jain and R. Venkataraman, while Anchorage Capital ‌will invest ​another ₹1.5 billion.

The investment will ⁠raise IIFL Finance’s capital adequacy ratio to ‌about 30% from 17%, the company said.

The additional capital will support growth in its ‌secured lending businesses, particularly ​gold finance, and could help improve its ⁠credit ratings and lower ⁠borrowing costs over time.