IndoStar Capital Finance Ltd sells portion of Commercial Vehicle Loan book

IndoStar Capital Finance Limited took a decisive step forward in reducing stressed portfolio by approving a transaction for a sale of portion of its Commercial Vehicle Loan book to Assets Care & Reconstruction Enterprise Limited. The sale consists of certain accounts that were tagged in Stage 3, aggregating to dues outstanding of Rs. 90.56 crores at a purchase consideration of upto Rs. 65 crores.

The accounts have been resolved on March 29, 2025 in terms of Master Directions - Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, as amended from time to time.

Shares of IndoStar Capital Finance Limited was last trading in BSE at Rs. 306.05 as compared to the previous close of Rs. 314.05. The total number of shares traded during the day was 4163 in over 298 trades.

The stock hit an intraday high of Rs. 318.00 and intraday low of 298.75. The net turnover during the day was Rs. 1282897.00.

Source : Equity Bulls

Keywords

IndoStarCapitalFinance INE896L01010 NBFC StressedPortfolio CommercialVehicle LoanBook PartialSale