Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet

Blackstone Inc. agreed to acquire a 15.57% stake in IIFL Finance Ltd., an Indian financial services company, for approximately 50 billion rupees, or $532 million. The transaction expands Blackstone's holdings in India's financial sector. IIFL Finance is classified as a non-bank financial company in India.

• Bloomberg — Blackstone to Buy 15.5% of IIFL Finance in $532 Million India Bet

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