Indostar Capital Fin

IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE MARCH-QUARTER CONSOL LOSS AFTER TAX 4.24 BILLION RUPEES

• INDOSTAR CAPITAL FINANCE MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.47 BILLION RUPEES

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Feb 9 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE LTD DEC-QUARTER CONSOL PAT 83 MILLION RUPEES

• INDOSTAR CAPITAL FINANCE LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.46 BILLION RUPEES

Source text: ID:nNSE9cYqss

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Dec 29 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• SALE OF PORTION OF COMMERCIAL VEHICLE LOAN BOOK TO PHOENIX ARC

• SALE AGGREGATES TO 1.36 BILLION RUPEES DUES OUTSTANDING FOR 1.09 BILLION RUPEES

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July 17 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• COMPLETES TRANSACTION TO SELL NIWAS HOUSING FINANCE TO EQT

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March 3 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE - APPOINTS JAYESH JAIN AS CFO

• INDOSTAR CAPITAL FINANCE LTD - VINODKUMAR MADHAVAN PANICKER RETIRES AS CFO

Source text: ID:nBSEcdQccX

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Jan 20 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• DEC-QUARTER CONSOL PAT 277.2 MILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.73 BILLION RUPEES

Source text: ID:nBSE4Xp3rp

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Oct 18 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE SEPT-QUARTER CONSOL PAT 316.8 MILLION RUPEES

• INDOSTAR CAPITAL FINANCE SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.45 BILLION RUPEES

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Corrects paragraph 5 to say the affordable housing market is under-penetrated

BENGALURU, Sept 20 (Reuters) - Shares of IndoStar Capital Finance INAC.NS climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 million deal to sell its home finance unit to private equity firm EQT.

The deal will allow IndoStar to focus on its core businesses of vehicle finance and small business loans, the company said in an exchange filing late on Thursday.

Once the deal closes, EQT plans to invest 5 billion rupees ($59.84 million) in the affordable housing loan provider, IndoStar Home Finance.

The private equity firm has been amping up its financial services portfolio in India, having bought a stake in education finance firm HDFC Credila last year.

Demand for affordable housing is lagging a boom seen in luxury housing in India, but lenders are banking on government support to tap the largely underpenetrated market.

Bajaj Housing Finance BAJO.NS, a lender primarily focused on luxury home finance which went public this month, entered the affordable segment earlier this year, while Godrej Capital is reported to be targeting the segment.

IndoStar Capital shares jumped 14% to their highest since Aug. 2021, before trimming some gains to last trade up 4.8%.

($1 = 83.5500 Indian rupees)

(Reporting by Chris Thomas in Bengaluru; Editing by Nivedita Bhattacharjee)

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Sept 19 (Reuters) - EQT AB EQTAB.ST:

• EQT TO ACQUIRE INDOSTAR HOME FINANCE, AN INDIAN AFFORDABLE HOUSING FINANCE COMPANY, FOR INR 17.5 BILLION (USD 210 MILLION) AND INVEST INR 5 BILLION TO SUPPORT FURTHER GROWTH

Source text for Eikon: ID:nWkr4N2Ckh

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Aug 20 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE - UNIT GRANTED CERTIFICATE OF REGISTRATION TO ACT AS CORPORATE AGENT

Source text for Eikon: ID:nBSE2DtxwK

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April 29 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE LTD - APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES FOR UPTO 60 BILLION RUPEES

• INDOSTAR CAPITAL FINANCE LTD - ISSUE OF NON-CONVERTIBLE DEBENTURES VIA PRIVATE PLACEMENT

• INDOSTAR CAPITAL FINANCE LTD MARCH-QUARTER CONSOL PAT 352.6 MILLION RUPEES VERSUS 759.6 MILLION RUPEES

• INDOSTAR CAPITAL FINANCE LTD MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.74 BILLION RUPEES VERSUS 2.85 BILLION RUPEES

Source text for Eikon: ID:nNSE2wdk1t

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Feb 27 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• TO RAISE OVER 4.5 BILLION RUPEES BY PREFERENTIAL ALLOTMENT OF WARRANTS

Source text for Eikon: ID:nBSEbZhWSj

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Feb 22 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDOSTAR CAPITAL FINANCE - TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE9ZC4pv

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** Shares of IndoStar Capital Finance INAC.NS down 5% at 207.15 rupees, hits lower circuit

** Non-banking finance co's Dec-qtr profit after tax fell 54% YoY

** Earlier in the week, IndoStar had rallied to its highest since May 2022 after saying it would consider a fundraise

** Stock fell 5% four times in 2023

** Rival PNB Housing Finance PNBH.NS also drops after reporting a fall in interest income

(Reporting by Varun Vyas in Bengaluru)

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Jan 24 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH UPTO 75 BILLION RUPEES THROUGH PRIVATE PLACEMENT

• INDOSTAR CAPITAL FINANCE DEC-QUARTER CONSOL PAT 168.7 MILLION RUPEES VERSUS PROFIT 366.6 MILLION RUPEES

• INDOSTAR CAPITAL FINANCE DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES VERSUS 2.81 BILLION RUPEES

• APPROVED RAISING OF FUNDS WORTH UP TO 250 BLN RUPEES

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 5 BLN RUPEES BY PUBLIC ISSUE

Source text for Eikon: ID:nNSE1KMnGx

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Jan 18 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• TO CONSIDER RAISING OF FUNDS WORTH UP TO 250 BILLION RUPEES

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES FOR AN AMOUNT NOT EXCEEDING 75 BILLION RUPEES

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH 75 BILLION RUPEES THROUGH PRIVATE PLACEMENT

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 5 BILLION RUPEES BY WAY OF PUBLIC ISSUE

Source text for Eikon: ID:nBSE4xfYL8

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Jan 8 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES AGGREGATING UP TO 5 BILLION RUPEES

• ISSUANCE IN ONE OR MORE SERIES/ TRANCHES INCLUDING OPTION OF OVERSUBSCRIPTION (GREENSHOE)

Source text for Eikon: ID:nBSE5Dpwhr

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Oct 27 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• SEPT-QUARTER CONSOL PAT 247.7 MILLION RUPEES VERSUS 516 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.13 BILLION RUPEES VERSUS 2.94 BILLION RUPEES

Source text for Eikon: ID:nBSE79Nrs1

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** Shares of IndoStar Capital Finance INAC.NS rise as much as 5%, on track for sharpest daily pct gain since Nov. 23, 2022

** INAC on track for second consecutive session of gains if gains hold

** Non-banking finance co on Friday said it sold a significant portion of its corporate loan book to Phoenix ARC, aggregating to dues outstanding of 9.15 bln rupees ($110.8 mln)

** Around 130,000 shares change hands as of 11:51 a.m. IST, 0.8x 30-day average

** Stock up 12.5% YTD as of last close

($1 = 82.5750 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Aug 16 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• TO SEEK APPROVAL FOR ISSUE OF NON-CONVERTIBLE DEBENTURES FOR UPTO 75 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE5vwkKP

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NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India New Issue' report. If you have feedback or questions, please contact India Financial News Editor Ira Dugal [email protected] prior to August 7

MUMBAI, Aug 4 (Reuters) - India's IndoStar Capital Finance has accepted bids worth an aggregate of six billion rupees ($72.5 million) for bonds maturing in two years and three years, three bankers said on Friday.

It will pay an annual coupon of 9.95% and 9.85% respectively, and had invited commitment bids for the issue earlier in the day. In June, it had raised seven billion rupees through the sale of bonds maturing in 21 months and in two years.

Below is the list of deals reported so far on Aug 4:

*Size includes base plus greenshoe for some issuances

($1 = 82.8130 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by)

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** Shares of India's IndoStar Capital Finance INAC.NS down 5% at 166.5 rupees

** Non-banking financial company posts 36% slump in Q1 consol profit after tax at 3893.3 million rupees ($47 million) and over 4% slide in total rev from ops

** More than 359,901 shares changed hands by 1:12 p.m. IST, 2.6x 30-day avg

** YTD stock had risen 7%

($1 = 82.7850 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 2 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• JUNE-QUARTER CONSOL PAT 389.3 MILLION RUPEES VERSUS PROFIT 609.3 MILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 2.99 BILLION RUPEES VERSUS 3.14 BILLION RUPEES

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES FOR AN AMOUNT NOT EXCEEDING 75 BILLION RUPEES

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE3LHvVh

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July 26 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES FOR 75 BILLION RUPEES THROUGH PRIVATE PLACEMENT

Source text for Eikon: ID:nBSE7sH4KL

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MUMBAI, June 30 (Reuters) - India's IndoStar Capital Finance INAC.NS raised 7 billion rupees ($85.3 million) through the sale of bonds maturing in 21 months and in two years, three merchant bankers said on Friday.

It had invited bids from bankers and investors on Wednesday. In May, the company raised 2.55 billion rupees through sale of two bonds, one maturing in three years and 10 days and the other in two years at 10.25% and 9.95% coupons respectively.

Below is the list of deals reported so far on June 30

*Size includes base plus greenshoe for some issuances

($1 = 82.0420 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

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MUMBAI, June 27 (Reuters) - India's Indostar Capital Finance INAC.NS plans to raise up to 7 billion Indian rupees ($85.34 million) through the sale of bonds maturing in 21 months and in two years.

In May, the company raised 2.55 billion rupees through sale of two bonds, one maturing in three years and 10 days and the other in two years at 10.25% and 9.95% coupons respectively.

Below is the list of deals reported so far on June 27:

* Size includes base plus greenshoe for some issuances

($1 = 82.0230 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)

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May 25 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:

• INDIA'S INDOSTAR CAPITAL FINANCE MARCH-QUARTER CONSOL PAT 759.6 MILLION RUPEES VERSUS LOSS 7.54 BILLION RUPEES

• INDOSTAR CAPITAL FINANCE LTD MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 2.85 BILLION RUPEES VERSUS 3.41 BILLION RUPEES

Source text for Eikon: [ID:]

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MUMBAI, May 12 (Reuters) - India's Indostar Capital Finance INAC.NS has accepted bids worth 2.55 billion rupees ($31.18 million) through sale of two bonds, one maturing in three years and 10 days and the other in two years, three bankers said on Friday.

The company had invited bids from bankers and investors for the issuances earlier in the day.

Indostar will pay a coupon of 10.25% on bonds maturing in over three years and has accepted bids worth 250 million rupees. The issue also has a put option on May 15, 2025 with notes maturing in May 2026.

Separately, the company will pay a coupon of 9.95% on the two-year bonds maturing in May 2025. The company has accepted bids worth 2.3 billion rupees on this issue.

The bonds are rated AA- by CRISIL and the issue will be settled on Monday.

In March, the company raised an aggregate of 5 billion rupees via bonds maturing in 18 months and in two years.

($1 = 81.7800 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Saumyadeb Chakrabarty)

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MUMBAI, May 11 (Reuters) - India's Indostar Capital Finance INAC.NS plans to raise up to 2.55 billion rupees ($31.18 million) through sale of two bonds, one maturing in three years and 10 days and the other in two years, three bankers said on Thursday.

The company has invited bids from bankers and investors for both bond issuances on Friday, they said.

Indostar will pay a coupon of 10.25% on bonds maturing in over three years and plans to raise 250 million rupees. The issue also has a put option on May 15, 2025 with notes maturing in May 2026.

Separately, the company will pay a coupon of 9.95% on the two-year bonds, maturing in May 2025. It plans to raise 2.3 billion rupees via this issue.

The bonds are rated AA- by CRISIL and the issue will be settled on Monday.

In March, the company raised an aggregate of 5 billion rupees via bonds maturing in 18 months and in two years.

($1 = 81.7800 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)

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** Shares of Indostar Capital Ltd INAC.NS rise as much as 4.98% to 130.60 rupees

** 450,909 shares of co change hands in a block as of 1:38 p.m. IST, at a price of 128 rupees per share

** Trading volume surges to 2.04 mln shares as of 1:38 p.m. IST, nearly nine times the 30-day avg - Refinitiv data

** Stock moves above 50-day exponential moving avg for first time in nine sessions, but continues to trade below 100- and 200-day avgs

** Including session's gains, stock cuts YTD loss to ~16%

(Reporting by Bharath Rajeswaran in Bengaluru)

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