Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

Anarock, an Indian real estate leader, received a massive Rs 200 crore investment from 360 ONE Asset Management, previously IIFL Asset Management. Anarock is part of 360 ONE, which manages over $54 billion in assets, and this financial injection is substantial.

Eon Group has received Rs 50 crore from IIFL Home Finance for its Mumbai township development, according to the company.

IIFL sold an INR 125 crore distressed planned development project to Shriram Properties. The business and the ASK Property Fund's co-investment platform's first deal.