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Finance & Markets

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.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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