Blackstone Deal Funds To Be Used For Growth, Debt Repayment: IIFL Finance's Vikas Jain
Speaking to NDTV Profit, Vikas Jain, CFO of IIFL Finance said that the company will utilise the proceeds from Blackstone deal for new business and repayment of debt. “Around 70% of the funds will be used for growth, while 30% will be used for the repayment of debt. The fund infusion will happen around Q4,” Jain said.
