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Indostar Capital Finance sells Niwas Housing Finance to WITKOPEEND B.V.

18 Jul 2025 Evaluate

Indostar Capital Finance has sold its wholly owned subsidiary -- Niwas Housing Finance (Niwas, formerly IndoStar Home Finance) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT), a global private equity investor. The company has received aggregate consideration of Rs 1,705.95 crore under the terms of the agreement. The company will use these net proceeds to accelerate value creation in its core verticals of Vehicle Finance and Small Business Loans.

Daiwa Corporate Advisory India and Ambit acted as exclusive financial advisors to company and Niwas Housing Finance in relation to the transaction. Cyril Amarchand Mangaldas was engaged as the legal counsel to the company and Niwas Housing Finance in relation to the transaction. Ernst & Young LLP was engaged by Niwas Housing Finance for the vendor financial and tax due diligence exercise in relation to the Transaction. Samvad Partners was also engaged by Niwas Housing Finance as part of the transaction.

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

219.75 2.05 (0.94%)
17-Apr-2026 16:59 View Price Chart
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