Indostar shines bright

Indostar  Capital is a buzzing stock today; on the back of almost 4x surge in volumes, the stock which had closed yesterday at Rs.314, opened today at Rs.333, its intraday high point. Its 52-week high is at Rs.368.55.

The stock price has reacted positively to the news that it has successfully completed sale of its housing finance subsidiary to a global private equity investor.

In a regulatory filing, IndoStar confirmed it has sold 100% of its stake in Niwas Housing Finance Private Limited (formerly IndoStar Home Finance Pvt. Ltd.) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT).

The transaction fetched Rs.1,705.95 crore in total consideration.

The company stated that the net proceeds will be strategically deployed to accelerate growth in its core lending verticals — specifically Vehicle Finance and Small Business Loans, where it sees stronger long-term value creation and return on capital.

The sale marks a clean exit from the housing finance segment and signals a sharper focus on scalable, profitable businesses.