IIFL Finance Approves Rs 6414 Crore Blackstone-Led Preferential Equity Issue

Board approved preferential issue of 8.55 Cr CCPS at Rs 602 and 2.1 Cr warrants at Rs 602 for Rs 6414 Cr: Blackstone-affiliated Ingot Rs 5000 Cr, Anchorage Rs 150 Cr, promoters Rs 1264 Cr; EGM on Dec 4. Resolves parent capital raise; Blackstone vehicle becomes 15.6% holder with board nomination and veto rights; promoter co-invest signals alignment; supports secured growth and capital needs. No change in control; investors to be public holders. Subject to shareholder, CCI and exchange approvals; CCPS conversion in 17.5 months, warrants in 18 months with 25% upfront.