Sale17 Jul 2025, 08:21 pm
IndoStar Capital Completes Sale of Niwas Housing Finance to EQT for INR 1,705.95 Crores
AI Summary
IndoStar Capital Finance Limited has completed the sale of its wholly owned subsidiary Niwas Housing Finance Private Limited (NHFPL) to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership. The transaction, valued at INR 1,705.95 crores, will enable IndoStar to accelerate growth and value creation in its core verticals of Vehicle Finance and Small Business Loans. The net proceeds from the sale will be used by IndoStar for its strategic business initiatives.
Key Highlights
- IndoStar Capital Finance Limited has completed the sale of its wholly owned subsidiary Niwas Housing Finance Private Limited (NHFPL) to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership.
- The transaction is valued at INR 1,705.95 crores.
- The net proceeds from the sale will be used by IndoStar for its strategic business initiatives.
- Daiwa Corporate Advisory India Private Limited and Ambit Private Limited acted as exclusive financial advisors to IndoStar and NHFPL in relation to the transaction.
- Cyril Amarchand Mangaldas was engaged as the legal counsel to IndoStar and NHFPL in relation to the transaction.