Star Housing Finance Shareholders Sign LOI for 33.52% Stake Sale
Star Housing Finance Ltd has been informed by certain promoters, promoter group members, and other shareholders (Proposed Sellers) about the execution of a Letter of Intent (LOI) with Cateye Consultancy Services Private Limited (Proposed Acquirer). The LOI outlines the Proposed Acquirer's intent to acquire 2,64,78,962 equity shares, representing 33.52% of the company's paid-up equity share capital. The acquisition price is subject to future negotiation. This LOI is a preliminary, non-binding document contingent upon due diligence, price agreement, definitive SPA execution, regulatory approvals including RBI, and compliance with SEBI takeover regulations. The consummation of the transaction is not guaranteed.
Key Highlights
- Certain shareholders of Star Housing Finance executed an LOI.
- Proposed acquisition of 33.52% stake by Cateye Consultancy.
- Acquisition price to be negotiated.
- Transaction subject to due diligence and regulatory approvals.
Price Impact
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