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The latest announcement is out from IndoStar Capital Finance Limited ( (IN:INDOSTAR) ).
IndoStar Capital Finance Limited has announced the completion of conditions precedent for the sale of its shareholding in its subsidiary, Niwas Housing Finance Private Limited, to Witkopeend B.V. This transaction, which has received necessary approvals from the Reserve Bank of India, marks a significant step in IndoStar’s strategic realignment and could potentially impact its market positioning and stakeholder interests.
More about IndoStar Capital Finance Limited
IndoStar Capital Finance Limited is a financial services company based in Mumbai, India, primarily engaged in providing structured term financing solutions to corporates and loans to small and medium enterprises (SMEs). The company operates in the financial services industry and focuses on catering to the financing needs of various sectors, including housing finance.
Average Trading Volume: 21,017
Current Market Cap: 45.25B INR
For a thorough assessment of INDOSTAR stock, go to TipRanks’ Stock Analysis page.