IndoStar to sell home finance arm to EQT for Rs. 1,750 cr; stock jumps 4%



IndoStar Capital Finance Ltd has agreed to sell its Home Finance company, IndoStar Home Finance Ltd (IHFPL), to Witkopeend BV, an affiliate of global private equity firm BPEA EQT Mid-Market Growth Partnership, for Rs 1,750 crore on a fully diluted basis.

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