Brookfield Business Partners, together with its institutional partners (collectively Brookfield), will invest Rs 12,250 million in Indostar Capital Finance’ equity shares and compulsorily convertible preference shares on a preferential allotment basis.
This is the first Private Equity investment by Brookfield in the Indian Financial Services space. The primary investment by Brookfield will support continued growth of IndoStar’s retail lending businesses. Brookfield will hold a minimum of 40% in Indostar after the primary investment and open offer.
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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 955.05 |
| Shriram Finance | 1007.95 |
| Aditya Birla Capital | 363.05 |
| Chola Invest & Fin. | 1676.05 |
| Tata Capital | 321.70 |
| View more.. | |
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