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IndoStar Capital Finance Limited ( (IN:INDOSTAR) ) has issued an announcement.
IndoStar Capital Finance Limited announced the sale of a portion of its Commercial Vehicle Loan portfolio to Phoenix ARC Private Limited, aiming to reduce its stressed assets. The transaction involves dues outstanding of Rs. 309.6 crores, with a purchase consideration of up to Rs. 220.3 crores, marking a strategic move to streamline its operations and improve financial health.
More about IndoStar Capital Finance Limited
IndoStar Capital Finance Limited operates in the financial services industry, primarily focusing on providing loans and financing solutions. The company is known for its commercial vehicle loans, catering to a market that requires specialized financial products for vehicle acquisition and management.
Average Trading Volume: 10,674
Technical Sentiment Signal: Sell
Current Market Cap: 34.59B INR
Learn more about INDOSTAR stock on TipRanks’ Stock Analysis page.