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
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.
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
- The Hindu BusinessLine Blackstone to buy about 16% stake in IIFL Finance for ₹5,000 crore
- NDTV Blackstone To Pick Up 15.7% In IIFL Finance Via Rs 5,000-Crore Bet At Rs 602/Share
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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