Is MF exposure to IndoStar Capital a cause for concern?3 min read . Updated: 10 Aug 2022, 06:21 AM IST
- MF exposure to the company’s debt instruments amounts to ₹482 crore (as of July 2022), as per data from Ace MF
IndoStar Capital Finance, a non-banking financial firm (NBFC) which reported losses for the quarter ending 31 March, has over the past few weeks been generating negative buzz, particularly about its inability to continue as a going concern. The resignation of its chief financial officer Kapish Jain, barely two months after his joining the company, has only compounded this negative outlook.
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