IndoStar Capital Finance Ltd. jumped 58% this year following a proposal by Canada’s biggest alternative asset manager to buy a 40% stake in the lenderThe rally makes the Mumbai-based financing company the top-performer on the BSE Finance Index this year
1 min read23 Jun 2020Brookfield is looking to acquire upto 40% stake in IndoStar The investment will mark Brookfield's entry into a consumer lending business in the country, having previously run only structured finance book with real estate forming majority of the loans
1 min read31 Jan 2020The debt investments in Altico and IndoStar show that Bansal is now broad-basing his betsThe investment was made through BAC Acquisitions Pvt. Ltd, the holding company Bansal started
1 min read25 Feb 2019Everstone-backed firm to buy vehicle financing unit for ₹2,500 crore70% of IndoStar’s CV biz comes from used-vehicle financing and 60% of IIFL’s is from new vehicles, says Sridhar
2 min read5 Feb 2019Businesses have seen sluggish sales this festive season in part because India’s shadow lending industry, which accounted for nearly 4 out of every 10 consumer loans in the last three years, has grown more cautious about extending new credit amid a funding crunch of its own
4 min read14 Nov 2018Companies that were looking to launch their IPOs have turned cautious as a falling rupee and rising crude oil prices have roiled the stock markets
2 min read24 May 2018IndoStar shares gains 5% to Rs600 on BSE compared to its IPO price of Rs572 apiece
1 min read21 May 2018Indostar Capital Finance IPO's QIB portion was subscribed 16.05 times, non-institutional investors 6.92 times and retail investors 1.34 times
1 min read11 May 2018The Rs1,844 crore Indostar Capital Finance IPO received bids for 1,55,94,982 shares against the total issue size of 2,25,75,438 shares
1 min read10 May 2018As of 5pm, the portion of shares in the IndoStar Capital Finance IPO reserved for institutional and retail investors saw a subscription of 129% and 8%, respectively
1 min read9 May 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared