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What is IndoStar Sells Home Finance Unit to EQT about?

IndoStar Capital Finance Limited announced the sale of its subsidiary, IndoStar Home Finance Private Limited, to WITKOPEEND B.V., an affiliate of EQT, for INR 1,750 crore. The transaction is subject to regulatory approvals and aims to provide IndoStar with capital for growth in its core areas of Vehicle Finance and Small Business Loans. EQT plans to invest an additional INR 500 crore into IndoStar Home Finance post-transaction to support its expansion and digital transformation.

Author

jimmydesi9

Language

EN