EQT Acquires 100% Stake in Indostar Home Finance for INR 1750 Cr to Boost Growth
EQT plans to invest INR 500 crore of primary capital into Indostar Home Finance via its MMG fund to fuel its next growth phase.
IndoStar
Banking · India · 1,411 Employees
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About
Headquarters
1 Indiabulls Center 2a Fl 20 Tower, Mumbai, Sen...Phone Number
+91 2243157000Website
www.indostarcapital.comRevenue
$53.8 MillionIndustry
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Who is IndoStar
Founded in 2009, IndoStar is headquartered in Mumbai, Senapati Bepat Marg. They are a non-banking finance company that provides vehicle financing, home finance, SME finance, and more.Read more
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IndoStar has announced that Kapish Jain, Chief Financial Officer, has resigned from the organization.
IndoStar News & Media
IndoStar Capital Finance announces sale of IndoStar Home Finance to EQT
IndoStar Capital Finance Limited (IndoStar) today announced that its Board has approved the sale of its subsidiary, IndoStar Home Finance Private Limited (IHFPL) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (“EQT”), a global private equity investor, for INR 1,750 crore on a fully diluted basis.EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to support further growth
· Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses · India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, rising affordability and urbanization · EQT will invest INR 5 billion in primary capital to support Indostar Home’s continued growth, including by broadening itIndoStar offloads corporate loan book, stocks trade 5 percent higher - Moneycontrol
Phoenix ARC will set-up a trust that will monitor the progress of the real-estate projects and will also consider funding certain amounts towards financing the completion of these projects.IndoStar Capital Appoints Chief Risk Officer - MarketScreener
-- IndoStar Capital Finance has appointed Nitin Gyanchandani as the chief risk officer of the company, with effect from Monday. Gyanchandani takes over from Karthikeyan Srinivasan, who was earlier...
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Frequently Asked Questions Regarding IndoStar
Founded in 2009, IndoStar is headquartered in Mumbai, Senapati Bepat Marg. They are a non-banking finance company that provides vehicle financing, home finance, SME finance, and more.... Read More
