The investment company Blackstone will purchase 15.57% of the shares of the Indian financial company IIFL Finance for 50 billion rupees (about 532 million dollars), reports Reuters. The investment will be part of a capital raising program totaling 64.14 billion rupees, which will enable the lender to increase its capital adequacy ratio from 17% to 30%, support the growth of its secured lending business and potentially reduce its borrowing costs.