NIRMAL JAIN
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower funding costs and accelerate growth in secured lending.
Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Indian markets are set to resume trading after the Diwali holiday, with investors tracking key stocks such as Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance amid Q2 earnings and corporate developments. Nifty faces immediate resistance at 25,150–25,200.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
Blackstone to acquire 16% stake in IIFL Finance as NBFC announces Rs 6,414 crore capital raise led by global investor
IIFL Finance is preparing to secure Rs 6,414 crore through a major investment round. Blackstone is set to invest Rs 5,000 crore for a stake in the company. Nirmal Jain and R. Venkataraman will also contribute Rs 1,264 crore via warrants in the financing round. Additionally, Anchorage Capital will participate with a ₹150 crore investment. This transaction marks one of the largest private equity investments in India's NBFC sector.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
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IIFL Finance board to weigh Blackstone, Advent proposals for Rs 5,000 crore capital raise
IIFL Finance's board will consider separate investment proposals from Blackstone and Advent International for a nearly Rs 5,000 crore capital raise, as the lender also explores a potential transaction involving Fairfax's stake sale.
IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors
IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank.
Fairfax plans to bring Digit, IIFL Capital under IDBI Bank
Fairfax Financial Holdings plans to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, creating a financial-services group spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax's selection as strategic buyer for a 60.72% stake in the Indian lender for about Rs 52,878 crore.
Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India deal
Fairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5.56 billion) deal for a 60.7% stake in the lender. The proposed restructuring would bring together banking, insurance, investment banking and wealth management, subject to regulatory approvals.
Modi government has brought us close to Ram Rajya, says Nirmal Jain, Founder, IIFL Group
Nirmal Jain, Founder of IIFL Group, commends the transformative impact of Modi's decade-long rule, likening it to the ideals of Ram Rajya—an era of peace and prosperity according to Maharshi Valmiki and Mahatma Gandhi. Jain highlights India's economic, social, and political strides, praising schemes like Jan Dhan Yojna and foreign policy achievements. He anticipates the Ram Temple's consecration as a global symbol, foreseeing a boost in religious tourism and a potential tribute to India's ancient civilization.
Nirmal Jain raises stake in 5paisa Capital
Jain bought the stake at Rs 191.22. As of November 15, Jain held 16.09% stake in 5paisa Capital.
From IIM-A to Dalal St: A tale of two batchmates Rashesh Shah & Nirmal Jain
Both quit their corporate jobs in the mid-90s, just when the financial markets started opening up, post-liberalisation.
Promoters not tendering shares in Prem Watsa-led Fairfax India's offer to buy 26 per cent in IIFL Holdings: Nirmal Jain, chairman
"Prem Watsa has been very bullish on India, and he has been one of the most vocal admirers and supporters of the present government. "
Markets may go up to 30000: Nirmal Jain
The markets may go up to 30000.It might correct to 29000.
Comfortable on capital for next 12-18 months: Nirmal Jain, IIFL
"IIFL Home Bonds are rated AA- by CARE as well as CRISIL, which means a high degree of safety and very low credit risk."
OMCs space is sensitive and vulnerable to policy changes: Nirmal Jain, IIFL
Nirmal Jain, Chairman, IIFL, shares his views on the current outlook of OMCs sector.
IT sector can attract money; valuations can have upside: Nirmal Jain, IIFL
Nirmal Jain, Chairman, IIFL, shares his views on the current outlook of the IT sector.
Reliance will remain in narrow range: Nirmal Jain, Chairman, IIFL
Nirmal Jain, Chairman, IIFL, shares his views on the current outlook of the Reliance stock.
Don't expect much from corporate earnings: Nirmal Jain, Chairman, IIFL
Nirmal Jain, Chairman, IIFL, shares his views on the corporate earnings of major companies.
Union Budget 2013: Hoping for a responsible budget, pre-budget market rally is possible: Nirmal Jain, India Infoline
A responsible budget is likely because the government has been taking responsible steps in the last 3 months after 3 years of inaction.
Investors can expect 15-20% return over next one year: Nirmal Jain, India Infoline
It’s better to invest directly in real estate or real estate funds rather than investing in real estate stocks, says Nirmal Jain.
Market can rise by 25%-30% in one year if reforms continue: Nirmal Jain, IIFL
"The market can in the next one year’s time appreciate by 25%-30% provided we see more reforms, support from monetary policy", Nirmal Jain said.
Markets likely to resume direction in November, stick to defensives in the near term: Nirmal Jain, Chairman, IIFL
"The markets now have a tendency to move in cycle, so they are trying to catch up in terms of PE multiples and this certain bust of reforms came as a huge pleasant surprise," says Nirmal Jain.
Market may take a breather in October, resume direction in November: Nirmal Jain, IIFL
If the market runs up too fast, there is always a risk some negative news or event can make correction very steep too, says Jain.
High crude prices, weak rupee weighing on market: Nirmal Jain
Crude oil prices which have again started moving up are the biggest problem in the market. Market's health will be more reflected in the currency.
Budget 2012: Investors are expecting Pranab Mukherjee to do a good job, says Nirmal Jain, Chairman, IIFL
Under present circumstances, an experienced person like Pranab Mukherjee will do a good job and that is what most investors are expecting.
Cannot undermine the importance of liquidity in markets: Nirmal Jain, Chairman, IIFL
It is time to revisit midcaps. They had a small rally in this last month but this is a time when we should build up a portfolio of good quality madcap: IIFL
Markets may recover more in second half: Nirmal Jain, IIFL
In an interview with ET Now, Nirmal Jain, Chairman, IIFL, gives his views on the markets and investment opportunities in the current scenario. Excerpts:
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