 "Brookfield")
Brookfield Business Partners, together with its institutional partners, will invest Rs 1,450 crore in IndoStar Capital Finance to pick up 40 per cent stake in the company.
The overall investment will comprise a combination of primary investment in equity shares and compulsorily convertible preference shares of Rs 1,225 crore along with a secondary purchase of shares from IndoStar Capital Mauritius.
Brookfield will also become a co-promoter in IndoStar and nominate two board members. R Sridhar will continue to lead the company in his role as vice-chairman and CEO of IndoStar.
The fresh investment by Brookfield will support the continued growth of IndoStar’s retail
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