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Blackstone to buy 15% stake in IIFL for Rs 5,000 crore

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US private equity firm Blackstone has agreed to acquire a 15% stake in IIFL for Rs 5,000 crore. The deal was announced in the company's latest disclosure. The investment is aimed at strengthening IIFL's capital base and growth plans. Financial details beyond the stake size and deal value were not provided in the source material.

Read the full story at Economic Times

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Blackstone to buy 15% stake in IIFL for Rs 5,000 crore · ShortSingh