The latest announcement is out from IndoStar Capital Finance Limited ( (IN:INDOSTAR) ).
IndoStar Capital Finance Limited has announced the publication of a joint public notice regarding the sale of its shareholding in its subsidiary, Niwas Housing Finance Private Limited, to Witkopeend B.V. This follows the approval from the Reserve Bank of India and is part of a strategic move to realign its business operations. The transaction is expected to impact IndoStar’s market positioning by potentially streamlining its operations and focusing on core business areas, which could have implications for stakeholders, including shareholders and regulatory bodies.
More about IndoStar Capital Finance Limited
IndoStar Capital Finance Limited operates in the financial services industry, focusing on providing capital finance solutions. The company offers a range of financial products and services, including loans and financing options, with a market focus on both corporate and retail clients in India.
YTD Price Performance: 9.65%
Average Trading Volume: 7,862
Current Market Cap: 40.43B INR
Find detailed analytics on INDOSTAR stock on TipRanks’ Stock Analysis page.