New Delhi

Sharesof non-banking financial company IIFL Finance on Wednesday jumped over 6 per cent after the firm announced a Rs 6,414-crore capital raise through a preferential issue, with global investment firm Blackstone set to invest Rs 5,000 crore to drive the next phase of growth.

The stock surged 6.30 per cent to Rs 666.10 on the BSE. During the day, it jumped 10.85 per cent to Rs 694.65. On the NSE, the stock climbed 6.25 per cent to end at Rs 666.25. The fundraise also includes an investment of Rs 1,264 crore by the company’s promoters, Nirmal Jain and R Venkataraman, through preferential allotment of warrants, while Anchorage Capital will invest Rs 150 crore through a primary equity investment.

The proposed transaction is subject to customary regulatory and shareholder approvals, IIFL Finance said in a regulatory filing on Tuesday.