IIFL Finance Ltd, a retail-focused non-banking financial company (NBFC), has approved a primary capital raise of ₹6,414 crore ($686 million) through preferential allotments to funds managed by Blackstone Private Equity, the company’s promoters and Anchorage Capital. Blackstone will invest ₹5,000 crore ($535 million) through compulsorily convertible preference shares (CCPS), while promoters Nirmal Jain and R. […]