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IndoStar Capital Finance gains on raising Rs 1,225 crore from Brookfield

28 May 2020 Evaluate
Indostar Capital Finance is currently trading at Rs. 282.30, up by 3.40 points or 1.22% from its previous closing of Rs. 278.90 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 282.45 and Rs. 279.05 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 399.80 on 04-Jun-2019 and a 52 week low of Rs. 166.00 on 10-Dec-2019.

Last one week high and low of the scrip stood at Rs. 282.75 and Rs. 276.85 respectively. The current market cap of the company is Rs. 2599.37 crore.

The promoters holding in the company stood at 60.62%, while Institutions and Non-Institutions held 23.07% and 16.31% respectively.

IndoStar Capital Finance has raised Rs 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focussed NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS).

With this investment, Brookfield will become a co-promoter with 24.6 percent stake, along with IndoStar Capital Mauritius having 45.2 percent holding at present. This investment is a strong endorsement of IndoStar's business model, management capability and quality of its franchise. This investment not only provides equity funding but also access to new debt financing via Brookfield's relationships with financial institutions.

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.

Indostar Capital Fin Share Price

218.80 -6.50 (-2.89%)
08-May-2026 16:59 View Price Chart
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