Intimation in relation to transfer of hundred percent equity shares of Niwas Housing Finance Private Limited, wholly owned subsidiary of the company to the purchaser
INDOSTAR · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IndoStar Capital Finance has completed the sale of its entire 100% stake (45 crore equity shares) in wholly owned subsidiary Niwas Housing Finance Private Limited (NHFPL) to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership. The total consideration received is INR 1,705.95 crores under the share purchase agreement originally signed on September 19, 2024. The deal received shareholder approval on October 26, 2024, RBI approval on March 21, 2025, and the mandatory 7-day public notice was published in March 2025. With effect from July 17, 2025, NHFPL has ceased to be a subsidiary of IndoStar. Net proceeds will be deployed to accelerate growth in the company's stated core verticals of Vehicle Finance and Small Business Loans.
Shareholders benefit from a clean ~₹1,706 crore cash inflow that strengthens liquidity and capital adequacy, with management refocusing the business on Vehicle Finance and Small Business Loans. An investor meet is planned in the coming weeks to provide a detailed strategic update, which could be a near-term catalyst for the stock.