Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- “You’re Going to Burn This Billion Dollars.” Microsoft Stock (NASDAQ:MSFT) Slumps on Original Assessment of OpenAI
- “7.5 Years Has Felt like a Long Time to Wait.” Sam Altman Wants His Roadster Deposit Back, Tesla Stock (NASDAQ:TSLA) Jumps Regardless
- 3 ‘Strong Buy’ Crypto Stocks with Over 100% Upside Potential, 10/31/25