IndoStar, EQT
EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore
The fund will also invest an additional Rs 500 crore to fuel the company's geographic expansion and digital transformation
India's IndoStar Capital jumps on $209 million deal to sell home finance unit to EQT
Shares of IndoStar Capital Finance climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 million deal to sell its home finance unit to private equity firm EQT.
EQT To Buy India-based Indostar Home Finance For $210 Mln
EQT Corp. (EQT), an investment organization, announced Friday its agreement to acquire Indostar Home Finance, an Indian affordable
IndoStar to sell home finance arm to EQT for Rs 1,750 crore
The transaction is not complete yet with pending customary conditions like receipt of RBI approval and consents from lenders and shareholders approval. EQT will also invest Rs. 500 crore in the IndoStar Home Finance Company upon or shortly after closing of this transaction and the board of IHFPL has granted an in-principle approval for such infusion.
Indostar Capital sells home finance arm to EQT for ₹1,750 cr; share hits 52-week high
EQT also plans to invest ₹500 crore into IHFPL upon the closing of this transaction and has received the IHFPL board's in-principle approval
EQT acquires IndoStar Home Finance for Rs 1,750 crore
The deal will help IndoStar Capital to focus on its core strengths of vehicle financing and small business loans.
IndoStar Capital jumps on $209 mn deal to sell home finance unit to EQT
IndoStar Capital Finance's shares surged to a three-year high after announcing a $209 million deal to sell its home finance unit to EQT. This move allows IndoStar to concentrate on vehicle finance and small business loans.
EQT acquires 100% stake in Indostar Home Finance for Rs 1,750 crore
Indostar Home Finance provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 39,000 low-income homeowners and small businesses.
EQT Buys Indian Home-Finance Provider for $209 Mln
"Retail lending is a key investment theme for EQT within financial services in India," said Ashish Agrawal, partner in the EQT Private Capital Asia advisory team. "India's affordable-housing finance sector represents a long-term growth opportunity supported by secular demand drivers,
Indostar hits 52-week high as board approves sale of arm for Rs 1,750 cr
Indostar Capital Finance board approved the sale of IndoStar Home Finance for Rs 1,750 crore to WITKOPEEND B.V ...
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IndoStar Capital rises nearly 13% on sale of housing finance arm for ₹1,750 crore
EQT, a global private equity firm, plans to infuse an additional ₹500 crore into IndoStar Home Finance after the completion ...
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IndoStar soars 6.51% on sale of Home Finance arm to EQT
IndoStar Capital Finance Limited’s stock surged 6.51 per cent to ₹321.30 as of 10:12 AM IST on September 20, 2024, ...
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India's IndoStar Capital jumps on $209 mln deal to sell home finance unit to EQT
BENGALURU, Sept 20 (Reuters) - Shares of IndoStar Capital Finance (INAC.NS), opens new tab climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 ...