You are using an outdated browser. Please upgrade your browser to improve your experience and security. The company's promoters, Nirmal Jain and R Venkataraman, will invest Rs 1,264 crore through a preferential allotment of. The investment gives Blackstone an entry into a large retail lending platform in the country’s fast-growing non-banking finance sector. IIFL Finance has approved a Rs 6,414 crore ($686 million) primary capital raise, with Blackstone leading the round.