Indostar

EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore

The fund will also invest an additional Rs 500 crore to fuel the company's geographic expansion and digital transformation

IndoStar Capital invites counterbids to sell Rs 357 cr of stressed loans

The Mumbai-based shadow lender intends to complete the sale of the stressed assets by August 27

IndoStar Capital Finance reported Q2 net up by 31% at Rs 52 crore

IndoStar Capital Finance on Tuesday reported a 31 per cent rise in net profit at Rs 51.6 crore for the quarter ended September 2022. The non-banking finance company had posted a net profit of Rs 39.5 crore in the year-ago period. The profit, however, was down by 15 per cent from Rs 60.9 crore in the preceding quarter ended June 2022. There was a marginal rise of 3 per cent in net revenues at Rs 149 crore during the July-September quarter of 2022-23, as against Rs 144.8 crore in the same period of 2021-22, IndoStar said in a release. Sequentially, the net revenues fell by 11 per cent from Rs 167 crore in the June 2022 quarter. Collections of Rs 870 crore during the quarter resulted in gross collection efficiency of 135 per cent. AUM (assets under management) stood at Rs 7,908 crore and capital adequacy was at 34.1 per cent, 510 bps higher than Q1 FY23. The company's debt/equity ratio at 1.8 times continues to be one of the lowest in the industry, it said. "The company has raised

IndoStar Capital Finance Capital profit at Rs 39 crore in Sept quarter

The company on Wednesday reported 25 per cent rise in net profit

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

IndoStar's CEO infuses Rs 100 cr for 5% stake

First Indian non-bank financing company to be sponsored by global financial institutions, PE players