IndoStar Capital Finance Limited has informed the Exchange regarding a revised press release dated July 17, 2025, titled "Press Release revised issued by the company in relation with completion of transaction with respect to sell of its wholly owned subsidiary Niwas Housing Finance Private Limited to Witkopeend B.V.".
INDOSTAR · price
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Awaiting price reaction for this filing.
IndoStar Capital Finance has completed the sale of its wholly owned subsidiary Niwas Housing Finance Private Limited (formerly IndoStar Home Finance) to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership, a global private equity investor. The company received an aggregate consideration of INR 1,705.95 crores. Net proceeds will be used to accelerate growth in IndoStar's core verticals of Vehicle Finance and Small Business Loans. The deal was advised by Daiwa Corporate Advisory and Ambit Private Limited, with Cyril Amarchand Mangaldas as legal counsel. The filing is a revised version of an earlier press release issued on the same day.
The sale boosts IndoStar's liquidity and capital base, enabling it to focus more sharply on its vehicle finance and small business loan businesses. Investors are likely to view this as a positive strategic move to streamline operations around higher-priority lending segments.