Blackstone Takes Nearly 16% Stake In IIFL Finance! Management Reveals Growth Roadmap | Business News
ET Now · 11 Nov 2026 · 8 min
Management interview of IIFL Finance Ltd (IIFL), with 13 key numbers discussed.
- Vikas, IIFL Finance
IIFL Finance is raising Rs 6,404 cr, including Rs 5,000 cr from Blackstone, Rs 1,264 cr from promoters, and Rs 150 cr from Anchorage Capital. Around 70% of the proceeds will drive business growth, primarily in gold loans and secured MSME lending, while 30% will be utilized to pare debt. Management expects capital adequacy to touch ~30% over 18 months and leverage to decline to 2.86 times from 4.8 times. The company targets 20-25% AUM growth and aims for a 100-150 bps reduction in cost of funds over 18-24 months upon expected credit rating upgrades.