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Blackstone to Buy 15.57% Stake in IIFL Finance for About $532 Million
The infusion will lift IIFL Finance’s capital adequacy ratio to about 30% and fund technology spending and bank co-lending tie-ups, the companies said.
Summary by Quartz
4 Articles
4 Articles
(Teleborsa) - Blackstone will acquire 15,57% in the Indian financial company of IIFL Finance for about 50 billion rupees (532 million dollars), strengthening its presence in the financial sector of the...
Coverage Details
Total News Sources4
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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