BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal

November 11 - ** IIFL Finance (IIFL.NS) shares rose 2.3% to 641.60 rupees, reaching the highest level in two months

** Blackstone Group (BX.N) will acquire approximately a 16% stake in IIFL (link) for around $535 million

** Jefferies(maintains “Hold” rating, target price 650 rupees) said this funding will ease capital pressures, improve the outlook for rating upgrades, and increase the Tier 1 capital ratio to about 26%

** Noted that the capital injection should help drive stronger growth and reduce funding costs over time

** Motilal Oswal (rating “Buy,” target price 850 rupees) stated that Blackstone Group’s investment reinforces corporate governance, funding channels, and ambitions for growth in gold loans and secured loans; raised FY2027/FY2028 EPS estimates by 7%/11%

** On average, six analysts have given the stock a “Buy” rating, with a median target price of 810 rupees — LSEG compiled data

** Year to date, the stock has risen 5.1%

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