IndoStar Capital Finance Limited has informed the Exchange regarding a press release dated July 17, 2025, titled " Press Release issued by the Company in connection with completion of transaction with respect to sell of its wholly owned subsidiary Niwas Housing Finance Private Limited (NHFPL, formerly IndoStar Home Finance Private Limited) to Witkopeend B.V.".
INDOSTAR · price
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IndoStar Capital Finance has completed the sale of its wholly owned subsidiary Niwas Housing Finance Private Limited (NHFPL) to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT). The company has received an aggregate consideration of INR 1,705.95 crores under the share purchase agreement dated September 19, 2024. Net proceeds will be deployed to accelerate growth in IndoStar's core verticals of Vehicle Finance and Small Business Loans. Management described the closure as a significant milestone that will enhance liquidity and capital adequacy, and support the company's profitability and value creation journey. IndoStar will host an investor meet in the coming weeks to share a detailed update on its business, strategy, and path forward.
This divestiture strengthens IndoStar's balance sheet with INR 1,705.95 crores in fresh capital and sharpens its focus on the higher-growth Vehicle Finance and Small Business Loan segments, which is likely to be viewed positively by investors. The capital infusion also improves capital adequacy, potentially supporting future loan growth and return ratios.