Indostar Capital Finance Ltd Share Price – NSE /  BSE

Finance, Small Cap

IndoStar Home Finance Private Limited (IHFPL) was a subsidiary Indostar Capital Finance.WITKOPEEND B.V. is an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT), a global private equity investor.

The transaction is subject to customary conditions precedent, including receipt of RBI approval, consents from lenders and shareholders’ approval.

Further, EQT plans to invest INR 500 crore into IHFPL upon or shortly after closing of this transaction, and the board of IHFPL has granted an in-principle approval for such infusion.

The transaction will provide IndoStar with capital for accelerated growth and value creation in its core verticals of vehicle finance and small business loans.

Bobby Parikh, chairman of IndoStar, said: “This transaction represents an important strategic move for IndoStar as we focus on driving accelerated growth and value creation in our core verticals including vehicle finance and small business loans. We are confident that under EQT's stewardship, IndoStar Home Finance will continue to thrive and deliver value to its stakeholders.”

Indostar Capital Finance is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing.

Powered by Capital Market - Live News

IndoStar Capital Finance announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.

Powered by Capital Market - Live News

Indostar Capital Finance has approved the public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each(NCDs) for an amount aggregating up to Rs 150 crore (Base Limit) with a Green Shoe Option of up to Rs 150 crore aggregating up to Rs 300 crore (Issue). The issue opens on 06 September 2024 and closed on 19 September 2024.

Powered by Capital Market - Live News

IndoStar Capital Finance will hold a meeting of the Board of Directors of the Company on 29 August 2024.

Powered by Capital Market - Live News