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Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth
Bloomberg(subscription required) ·
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.
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- Bloomberg(subscription required)Billionaire Jain Bets on Blackstone Deal Driving IIFL’s GrowthBlackstone 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.