Blackstone stock targets 16% IIFL Finance stake in $535 million deal
Published on 11/10/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIndia Deal Adds Financial-Sector Exposure
- Blackstone plans to invest 50 billion Indian rupees in IIFL Finance through compulsorily convertible preference shares.
- The proposed financing would give IIFL Finance additional capacity in secured lending, including gold finance and small-business credit.
- The transaction remains subject to regulatory and shareholder approvals.
Blackstone plans to invest 50 billion Indian rupees, or 535 million US dollars, for an approximately 16 percent stake in IIFL Finance, according to Reuters on Tuesday, November 10, 2026. The proposed investment forms part of a 64.14 billion rupee capital raise by the Indian non-bank lender.
Capital Supports Secured Lending
Blackstone would subscribe to compulsorily convertible preference shares. The wider financing also includes 12.64 billion rupees from existing shareholders Nirmal Jain and R. Venkataraman and 1.5 billion rupees from Anchorage Capital.
IIFL Finance said the capital adequacy ratio would rise to about 30 percent from 17 percent. The company plans to use the stronger balance sheet to expand secured lending, particularly gold finance, while also supporting technology investment and co-lending partnerships with banks.
The proposed securities are expected to convert into equity shares later, while the transaction remains subject to customary regulatory and shareholder approvals. For Blackstone, the deal would add exposure to India's credit market and to lending segments backed by collateral or small-business cash flows.
Blackstone Stock Trades Above Monday Close
Blackstone stock traded at 110.38 euros on Lang & Schwarz at 15:33 CET on Tuesday, November 10, 2026, 1.78 percent above the Xetra close of Monday, November 9.
Blackstone Inc. at a Glance
- Company: Blackstone Inc.
- ISIN: US09260D1072
- Xetra ticker: BBN1.F
- Lang & Schwarz price: 110.38 euros at 15:33 CET on Tuesday, November 10, 2026
- Change versus Xetra close: 1.78 percent above Monday, November 9
The S&P 500 provides the relevant US-market context for Blackstone investors: Current market reports.
