IndoStar to sell home finance arm to EQT for Rs 1,750 crore

The transaction is not complete yet with pending customary conditions like receipt of RBI approval and consents from lenders and shareholders’ approval. EQT will also invest Rs. 500 crore in the IndoStar Home Finance Company upon or shortly after closing of this transaction and the board of IHFPL has granted an in-principle approval for such infusion. The transaction is not complete yet with pending customary conditions like receipt of RBI approval and consents from lenders and shareholders’ approval. EQT will also invest Rs. 500 crore in the IndoStar Home Finance Company upon or shortly after closing of this transaction and the board of IHFPL has granted an in-principle approval for such infusion.  Economic Times

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