IndoStar Capital Finance Limited ( (IN:INDOSTAR) ) has shared an update.
IndoStar Capital Finance Limited has announced that the Reserve Bank of India has approved the sale of its shareholding in its subsidiary, Niwas Housing Finance Private Limited, to Witkopeend B.V. This transaction, which involves a complete acquisition of Niwas by the purchaser, will also result in a change in management with new board members appointed by the purchaser. This strategic move is expected to impact IndoStar’s operational focus and market positioning, potentially streamlining its business operations and allowing it to concentrate on its core financial services.
More about IndoStar Capital Finance Limited
IndoStar Capital Finance Limited operates in the financial services industry, primarily focusing on providing capital finance solutions. The company offers a range of financial products and services, including housing finance, to cater to various market segments.
YTD Price Performance: 4.98%
Average Trading Volume: 7,660
Current Market Cap: 36.15B INR
Learn more about INDOSTAR stock on TipRanks’ Stock Analysis page.