India VIX was up by 10.68% from 10.30 to 11.40 levels on Monday. Volatility spiked above 11.6 zones and gave room to the bears at make-or-break index levels.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.