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IndoStar Capital Finance invests Rs 250 crore in lndoStar Home Finance

03 Jul 2021 Evaluate

IndoStar Capital Finance has acquired 25 crore fully paid equity shares of face value of Rs 10 each aggregating to Rs 250 crore of lndoStar Home Finance, a fast growing wholly-owned subsidiary of the company. Subsequent to investment of Rs 250 crore, the company’s investment in the share capital of lndoStar Home Finance increases from Rs 200 crore to Rs 450 crore.

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.

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