# Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth

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1 outlet covering · First listed: Bloomberg, Nov 10, 2026, 11:22 PM · Read it: <https://www.bloomberg.com/news/articles/2026-11-11/billionaire-jain-bets-on-blackstone-deal-driving-iifl-s-growth>

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.

## Who's covering it

In the order they published:

- Nov 10, 2026, 11:22 PM: [Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth](<https://www.bloomberg.com/news/articles/2026-11-11/billionaire-jain-bets-on-blackstone-deal-driving-iifl-s-growth>) — Bloomberg (Business & finance, United States)
  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.
