Deals30 Sept 2025, 01:15 am
Indostar Capital Finance Ltd Sells Commercial Vehicle Loan Portfolio for Rs. 220.3 Crores
AI Summary
Indostar Capital Finance Ltd has taken a significant step towards reducing its stressed portfolio by approving the sale of a portion of its Commercial Vehicle Loan book to Phoenix ARC Private Limited. The sale, which amounts to dues outstanding of Rs. 309.6 crores, was completed at a purchase consideration of up to Rs. 220.3 crores. The accounts were resolved on September 29, 2025, in line with the Master Directions — Reserve Bank of India (Transfer of Loan Exposures) Directions 2021. This move is a strategic decision by the company to manage its loan portfolio more effectively.
Key Highlights
- Indostar Capital Finance Ltd sells a portion of its Commercial Vehicle Loan book to Phoenix ARC Private Limited
- The sale amounts to dues outstanding of Rs. 309.6 crores
- The purchase consideration is up to Rs. 220.3 crores
- The accounts were resolved on September 29, 2025
- This move is a strategic decision by the company to manage its loan portfolio more effectively