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

Blackstone Inc. will acquire a 15.57% stake in Indian shadow lender IIFL Finance Ltd. for about 50 billion rupees ($532 million), deepening its push into the country’s financial sector. The deal, valued near $535 million and involving a Rs 5,000 crore investment, follows global investors’ growing exposure to India’s fast‑growing economy. The investment underscores Blackstone’s confidence in India’s NBFC market and signals broader capital inflows into the region.