Indostar Capital Finance surges on selling Niwas Housing Finance to WITKOPEEND B.V.

The company has received aggregate consideration of Rs 1,705.95 crore under the terms of the agreement

Indostar Capital Finance is currently trading at Rs 319.25, up by 5.25 points or 1.67% from its previous closing of Rs 314.00 on the BSE.

The scrip opened at Rs 333.00 and has touched a high and low of Rs 333.00 and Rs 316.35 respectively. So far 43010 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 368.55 on 02-Jul-2025 and a 52-week low of Rs 208.20 on 06-Aug-2024.

Last one week high and low of the scrip stood at Rs 334.95 and Rs 301.25 respectively. The current market cap of the company is Rs 4365.34 crore.

The promoters holding in the company stood at 73.29%, while Institutions and Non-Institutions held 4.97% and 21.74% respectively.

Indostar Capital Finance has sold its wholly owned subsidiary -- Niwas Housing Finance (Niwas, formerly IndoStar Home Finance) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT), a global private equity investor. The company has received aggregate consideration of Rs 1,705.95 crore under the terms of the agreement. The company will use these net proceeds to accelerate value creation in its core verticals of Vehicle Finance and Small Business Loans.

Daiwa Corporate Advisory India and Ambit acted as exclusive financial advisors to company and Niwas Housing Finance in relation to the transaction. Cyril Amarchand Mangaldas was engaged as the legal counsel to the company and Niwas Housing Finance in relation to the transaction. Ernst & Young LLP was engaged by Niwas Housing Finance for the vendor financial and tax due diligence exercise in relation to the Transaction. Samvad Partners was also engaged by Niwas Housing Finance as part of the transaction.

IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.