{"id":133990,"date":"2024-09-20T13:57:40","date_gmt":"2024-09-20T08:27:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133990"},"modified":"2024-09-20T13:57:44","modified_gmt":"2024-09-20T08:27:44","slug":"nbfc-stock-jumps-12-after-eqt-to-acquire-100-stake-in-its-subsidiary-for-1750-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-jumps-12-after-eqt-to-acquire-100-stake-in-its-subsidiary-for-1750-cr\/","title":{"rendered":"NBFC stock jumps 12% after EQT to acquire 100% stake in its subsidiary for \u20b9 1,750 Cr\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4055705127\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of an NBFC registered with the RBI as a systemically important non-deposit-taking company surged 12.7 percent on BSE to hit a new 52-week high at Rs. 339.7 on Friday, after the company\u2019s Board approved the sale of its subsidiary to EQT, a global private equity investor, for Rs. 1,750 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2321165496\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalisation of Rs. 3,974.5 crores, at 12:12 p.m., the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INDOSTAR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Indostar Capital Finance Limited<\/a><\/strong> were trading in the green at Rs. 320.5, up by nearly 6.4 percent, as against its previous closing price of Rs. 301.35.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News:&nbsp;<\/strong><\/h2><p>IndoStar Capital Finance announced that its Board has approved the sale of IndoStar Home Finance to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT), a global private equity investor, for Rs. 1,750 crores on a fully diluted basis.&nbsp;<\/p><p>Indostar Home Finance Private Limited (IHFPL) is a wholly-owned subsidiary of IndoStar Capital Finance Limited (ICFL).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2428982253\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As stated in the latest regulatory filings with the stock exchanges, the transaction is subject to customary conditions, including the receipt of RBI approval, lender consent, and shareholder approval.&nbsp;<\/p><p>Further, EQT plans to invest Rs. 500 crore into IHFPL upon or shortly after the closing of this transaction, with the board of IHFPL having granted in-principle approval for this infusion.&nbsp;<\/p><p>This transaction will provide ICFL with capital for accelerated growth and enhance value creation in its primary verticals of Vehicle Finance and Small Business Loans.&nbsp;<\/p><p>Daiwa Corporate Advisory India and Ambit Private Limited served as exclusive financial advisors to ICFL and IHFPL for the transaction. Cyril Amarchand Mangaldas acted as legal counsel, while Ernst &amp; Young LLP conducted vendor financial and tax due diligence. Further, Samvad Partners was also engaged by IHFPL.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Subsidiary:&nbsp;<\/strong><\/h2><p>IndoStar Home Finance Private Limited (IHFPL), registered with the National Housing Bank, as a Housing Finance Company and a wholly owned subsidiary of ICFL, is engaged in providing affordable home finance across India.\u00a0<\/p><p>As of 30th June, IHFPL has expanded to 121 branches across 8 states with an AUM of Rs. 2,395 crores, with an employee base of 1,029 and an average ticket size of Rs. 9 lakhs.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3955790737\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About EQT:&nbsp;<\/strong><\/h2><p>EQT is a purpose-driven global investment organization managing EUR 246 billion in total assets under management (AUM), including EUR 133 billion in fee-generating assets, across two business segments: Private Capital and Real Assets.&nbsp;<\/p><p>EQT owns a diverse portfolio of companies and assets in Europe, Asia-Pacific, and the Americas, focusing on supporting them in achieving sustainable growth, operational excellence, and market leadership.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:&nbsp;<\/strong><\/h2><p>The company reported a significant growth in its revenue from operations, showing a year-on-year rise of around 30.4 percent, rising from Rs. 299 crores in Q1 FY24 to Rs. 390 crores in Q1 FY25.&nbsp;<\/p><p>Net interest income (NII) also rose by 29 percent, climbing from Rs. 144.7 crores in Q1 FY24 to Rs. 186.5 crores in Q1 FY25.&nbsp;<\/p><p>As of Q1 FY25, the company\u2019s assets under management (AUM) grew by 18.6 percent to Rs. 9,565 crores, compared to Rs. 8,062 crores in Q1 FY24, while disbursements surged by 45.8 percent to Rs. 1,627 crores, up from Rs. 1,116 crores in the previous year.&nbsp;<\/p><p>However, net profit decreased from Rs. 39 crores to Rs. 25 crores during the same period, reflecting a decline of nearly 36 percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance&nbsp;<\/strong><\/h2><p>The stock has delivered positive returns of nearly 85.2 percent of returns in one year, and around 58.6 percent of positive returns in the last six months. So far in 2024, the shares of IndoStar Capital Finance have given positive returns of about 85.8 percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company:&nbsp;<\/strong><\/h2><p>Incorporated in 2009, IndoStar Capital Finance Limited (ICFL) is registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI).&nbsp;<\/p><p>ICFL is primarily engaged in the lending business, and has been classified as Middle Layer as per Master Direction Reserve Bank of India.<\/p><p>With Brookfield &amp; Everstone as co-promoters, IndoStar is engaged in providing used and new commercial vehicle financing and affordable Home Finance through its wholly-owned subsidiary, IndoStar Home Finance Private Limited.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3727825240\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of an NBFC registered with the RBI as a systemically important non-deposit-taking company surged 12.7 percent on BSE to hit a new 52-week high at Rs. 339.7 on Friday, after the company\u2019s Board approved the sale of its subsidiary to EQT, a global private equity investor, for Rs. 1,750 crores.&nbsp; With a market capitalisation [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[22716,17429,15599,15600,17428,15602,22715,948,936,2597],"class_list":["post-133990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-indostar-capital-finance","tag-indostar-capital-finance-latest-news","tag-indostar-capital-finance-ltd-latest-news","tag-indostar-capital-finance-ltd-share-price","tag-indostar-capital-finance-share-price","tag-nbfc-stock","tag-nbfc-stock-jumps-12-after-eqt-to-acquire-100-stake-in-its-subsidiary-for--1","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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