Non-banking financial company IIFL Finance's shares rose 3.5% on November 11 after the company announced a Rs 6,414-crore capital raise through a preferential issue, with global investment firm Blackstone set to invest Rs 5,000 crore in the company to drive the next phase of growth.
The fundraise also includes an investment of Rs 1,264 crore by the company's promoters, Nirmal Jain and R Venkataraman, through preferential allotment of warrants, while Anchorage Capital will invest Rs 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, it said.
The fundraising plan was approved by the Board at its meeting held on November 10, 2026, the NBFC said.