Exclusive | Blackstone eyes up to 20% stake in IIFL Finance, sources say - CNBC TV18

•Blackstone is considering acquiring up to 20% stake in IIFL Finance, potentially buying Fairfax's entire 13% holding.

•Blackstone may also buy an additional 7-10% stake through a preferential issue, taking its potential holding to 20%.

•IIFL Finance declined to comment on market speculation, while shares were trading down 0.78% at ₹646.05 on the NSE.

•IIFL Finance reported a 189.3% year-on-year rise in consolidated net profit to ₹675.1 crore for the quarter ended June.