Net loss of Indostar Capital Finance reported to Rs 421.35 crore in the quarter ended March 2020 as against net profit of Rs 74.08 crore during the previous quarter ended March 2019. Sales declined 6.43% to Rs 319.13 crore in the quarter ended March 2020 as against Rs 341.06 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 324.62 crore in the year ended March 2020 as against net profit of Rs 240.79 crore during the previous year ended March 2019. Sales rose 26.73% to Rs 1527.89 crore in the year ended March 2020 as against Rs 1205.63 crore during the previous year ended March 2019.

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IndoStar Capital Finance will hold a meeting of the Board of Directors of the Company on 17 June 2020.

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Indostar Capital Finance has allotted 5,43,000 equity shares under ESOP. The paid-up equity share capital of the Company has accordingly increased from Rs 1,22,62,73,290 to Rs 1,23,17,03,290.

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Indostar Capital Finance announced that the Board of the company by way of circular resolution has allotted 3,01,72,414 equity shares of Rs 10 each and 1,20,68,966 compulsorily convertible preference shares of Rs 10 each, at a price of Rs 290 per share to BCP V Multiple Holdings on preferential basis for an aggregate consideration of Rs 1225 crore. The preference share will carry a dividend of 10% per annum (calculated on issue price), net of any taxes, and will be converted to 1 (One) equity share per preference share within 18 (eighteen) months from the date of issuance.

Pursuant to the aforesaid allotment, the paid-up capital of the Company stands increased from Rs 92,45,49,150 to Rs 1,34,69,62,950.

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