Star Housing Finance in Talks with Potential Investor for Majority Stake

Star Housing Finance Ltd is in discussions with a potential investor interested in acquiring a majority stake. This acquisition would involve purchasing shares from promoters and the single largest shareholder, facilitating their complete exit. The investor also proposes a primary capital infusion to strengthen the company's balance sheet, subject to necessary approvals. As part of this transition, two Independent Directors have been appointed to the Board, with further strengthening planned. These steps aim to secure new ownership, ensure promoter transition, and safeguard stakeholder value for the company's revival.