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Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth

Bloomberg Markets Wednesday 11 November 2026, 05:22 UTC By Siddhi Nayak and Haslinda Amin 1 min read
Key Points

Deals Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth Blackstone Inc.’s investment in IIFL Finance Ltd. will enable the Indian shadow lender to sustain 25% to 30% annual lending growth over the next three to four years, besides lowering borrowing costs, its billionaire founder Nirmal Jain said. “This is significant for us to sustain the growth for the next three-to-four years and also bring down the cost of funds because higher capital adequacy is something that rating...

Deals Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth Blackstone Inc.’s investment in IIFL Finance Ltd. will enable the Indian shadow lender to sustain 25% to 30% annual lending growth over the next three to four years, besides lowering borrowing costs, its billionaire founder Nirmal Jain said. “This is significant for us to sustain the growth for the next three-to-four years and also bring down the cost of funds because higher capital adequacy is something that rating agencies were looking forward to,” Jain told Bloomberg TV on Wednesday.
Jain Bets (PERSON) Growth Blackstone Inc.’s (ORG) IIFL Finance Ltd. (ORG) Indian (ORG) Nirmal Jain (PERSON) Jain (PERSON) Bloomberg TV (ORG)
Originally published by Bloomberg Markets Read original →

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