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IIFL Holdings’ arm to sell CV finance business to IndoStar

04 Feb 2019 Evaluate

IIFL Holdings’ a material subsidiary-- India Infoline Finance (IIFL Finance) has signed a binding agreement with IndoStar Capital Finance (IndoStar) to sell its the Commercial Vehicle (CV) finance business. The sale includes the entire CV finance AUM of Rs 3,949 crore as on December 31, 2018, comprising of Rs 2,450 crore of loan portfolio and Rs 1,499 crore of securitisation/assignment portfolio, together with 1,337 strong employee team located in 161 branches spread over 18 states.

IIFL Holdings is one of India's leading, diversified financial services companies.

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