IndoStar Capital Finance Ltd reduces stressed portfolio by selling portion of SME loan portfolio

IndoStar Capital Finance Limited took one more decisive step forward in reducing stressed portfolio by approving a transaction for a sale of portion of its SME loan portfolio amounting to INR 39.5 crores to Asset Reconstruction Company. The said transaction is expected to be concluded before 31 March 2024.

Shares of IndoStar Capital Finance Limited was last trading in BSE at Rs. 188.05 as compared to the previous close of Rs. 197.80. The total number of shares traded during the day was 19355 in over 631 trades.

The stock hit an intraday high of Rs. 197.95 and intraday low of 187.95. The net turnover during the day was Rs. 3732836.00.

Source : Equity Bulls

Keywords

IndoStarCapitalFinance INE896L01010 StressedPortfolio Reduction SMELoanPortfolio Sale ARC