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Verified · 2 outletsBusiness

Blackstone to buy about 16% stake in IIFL Finance for ₹5,000 crore

Headline via The Hindu BusinessLine · first report 10 Nov, 17:05 IST, latest 10 Nov, 17:28 IST

The BSE building on Dalal Street, Mumbai
Representational image · The BSE building on Dalal Street, Mumbai · BSEINDIA / Wikimedia Commons, CC BY-SA 3.0

What we know

2 independent news organisations have reported this story. The first report we saw came from The Hindu BusinessLine at 10 Nov, 17:05 IST; the latest is from NDTV at 10 Nov, 17:28 IST. Rational Times has not independently confirmed the details: read each report through the links below.

StatusVerified
Reported by2 news organisations
First report10 Nov, 17:05 IST
Latest report10 Nov, 17:28 IST
DeskBusiness

What the reports sayEach newsroom’s own summary of its report, from its feed

The issue will also include a ₹1264 crore investment by existing investors Nirmal Jain and R Venkataraman, while Anchorage Capital ‌will invest ​another ₹150 crore.
IIFL Finance's board has also approved the preferential issue of 8.55 crore compulsorily convertible preference shares (CCPS), and 2.1 crore warrants at Rs 602 apiece.

Quoted from the newsrooms’ own feeds, with their names and links. Rational Times has not independently confirmed the details.

The reports2 reports

Headlines belong to the news organisations named; each links to their own report. We group reports automatically by their key words, so now and then two different stories can be grouped together, or one story split in two. Tell us about a mistake

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