In continuation to letter with reference no. ICFL/LS/00196/2019-20 dated 31 January 2020 intimating about preferential issue to BCP V Multiple Holdings and matters related thereto (Proposed Transaction), Indostar Capital Finance has informed that the Reserve Bank of India email dated 14 May 2020 has accorded its prior approval to IndoStar Home Finance (IHFPL), wholly-owned subsidiary of the Company, for the Proposed Transaction. The Proposed Transaction will be effected after fulfilment of various conditions including expiry of 30 days from the date of publication of public notices issued in relation to the Company and IHFPL (as intimated in our letter with reference no. ICFL/LS/0008/2020-21 dated 24 April 2020).
The above information is a part of company’s filings submitted to BSE.
