Global marketsUpdated November 11

IIFL founder expects growth and lower borrowing costs from Blackstone deal

IIFL founder Nirmal Jain says the investment is expected to help the lender sustain annual lending growth of 25% to 30% over the next three to four years, while lowering borrowing costs. The projections put a longer-term growth plan alongside the deal’s immediate price tag.

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Coverage started November 11