Shares of IndoStar Capital Finance Ltd gained 3.74% on Friday to ₹325.70, following the company’s announcement of the successful sale of its housing finance subsidiary, Niwas Housing Finance Private Limited (NHFPL), to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT).
The deal, originally announced in September 2024, fetched ₹1,705.95 crore for IndoStar. The proceeds from the sale are earmarked to strengthen the company’s focus on its core businesses of vehicle finance and small business loans, while also improving its liquidity and capital adequacy ratios.
IndoStar completes sale of Niwas Housing Finance to EQT affiliate for Rs 1,706 crore
Randhir Singh, Executive Vice Chairman of IndoStar, said, “The closure of this transaction represents a significant milestone in IndoStar’s journey. It strengthens our balance sheet and enables us to accelerate growth and profitability in our core verticals. We wish the Niwas Housing team continued success on their journey ahead.”
The company engaged Daiwa Corporate Advisory India and Ambit Private Limited as exclusive financial advisors, Cyril Amarchand Mangaldas as legal counsel, and EY and Samvad Partners for due diligence.
At the time of writing, IndoStar shares were trading at ₹325.70, up 3.74%, with the stock moving in a day range of ₹317.35–₹330.00.
