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- INDOSTAR
INDOSTAR
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Recent events
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Corporate Actions
Indostar Capital Finance Appoints Jayesh Jain As CFO
March 3 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:
INDOSTAR CAPITAL FINANCE LTD - APPOINTS JAYESH JAIN AS CFO EFFECTIVE MARCH 3, 2025
Source text: ID:nBSE3wx9Xp
Further company coverage: INAC.NS
(([email protected];;))
March 3 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:
INDOSTAR CAPITAL FINANCE LTD - APPOINTS JAYESH JAIN AS CFO EFFECTIVE MARCH 3, 2025
Source text: ID:nBSE3wx9Xp
Further company coverage: INAC.NS
(([email protected];;))
Indostar Capital Finance Dec-Quarter Consol PAT 277.2 Mln Rupees
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
Further company coverage: INAC.NS
(([email protected];;))
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
Further company coverage: INAC.NS
(([email protected];;))
Indostar Capital Finance Sept-Quarter Consol PAT 316.8 Million Rupees
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
India's IndoStar Capital jumps on $209 mln deal to sell home finance unit to EQT
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)
(([email protected];))
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)
(([email protected];))
EQT To Acquire Indostar Home Finance For $210 Mln
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
Further company coverage: EQTAB.ST
(([email protected];))
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
Further company coverage: EQTAB.ST
(([email protected];))
Indostar Capital Finance Says Unit Granted Certificate Of Registration To Act As Corporate Agent
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance Approved Issue Of NCDs For Upto 60 Bln Rupees
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance To Raise Over 4.5 Billion Rupees By Preferential Allotment Of Warrants
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance To Consider Raising Of Funds
Feb 22 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:
INDOSTAR CAPITAL FINANCE - TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE9ZC4pv
Further company coverage: INAC.NS
(([email protected];))
Feb 22 (Reuters) - IndoStar Capital Finance Ltd INAC.NS:
INDOSTAR CAPITAL FINANCE - TO CONSIDER RAISING OF FUNDS
Source text for Eikon: ID:nBSE9ZC4pv
Further company coverage: INAC.NS
(([email protected];))
India's IndoStar Capital hits lower circuit as quarterly profit drops
** 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)
** 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)
Indostar Capital Finance Dec-Quarter Consol Net PAT Falls
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance To Consider Raising Of Funds Worth Up To 250 Billion Rupees
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance Approves Issue Of Non-Convertible Debentures Aggregating Up To 5 Billion Rupees
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
India's Indostar Capital Finance Sept-Quarter Consol Profit After Tax Falls
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
India's IndoStar Capital up on selling part of corporate loan book
** 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)
(([email protected]; +918447554364;))
** 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)
(([email protected]; +918447554364;))
Indostar Capital Finance To Seek Approval For Issue Of Non-Convertible Debentures For Upto 75 Bln Rupees On Private Placement Basis
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
India New Issue-IndoStar Capital Finance accepts bids for multiple-tenor bonds - bankers
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | Aug 4 | AA- (Crisil) |
IndoStar Capital Finance | 3-yr | 9.85 | 2.5 | Aug 4 | AA- (Crisil) |
THDC India | 10-yr | To be decided | 3 | To be decided | AA (Care) |
Bank of Maharashtra | 10-yr | To be decided | 2 + 8 | To be decided | AA+ (Acuite, Infomerics) |
Sundaram Finance | 5-yr | 7.75 | 7.50 | August 7 | AAA (ICRA) |
Renew Fazilka Solar Power | 3-yr | 9.55 | 2.50 | August 7 | A+ (Care) |
*Size includes base plus greenshoe for some issuances
($1 = 82.8130 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | Aug 4 | AA- (Crisil) |
IndoStar Capital Finance | 3-yr | 9.85 | 2.5 | Aug 4 | AA- (Crisil) |
THDC India | 10-yr | To be decided | 3 | To be decided | AA (Care) |
Bank of Maharashtra | 10-yr | To be decided | 2 + 8 | To be decided | AA+ (Acuite, Infomerics) |
Sundaram Finance | 5-yr | 7.75 | 7.50 | August 7 | AAA (ICRA) |
Renew Fazilka Solar Power | 3-yr | 9.55 | 2.50 | August 7 | A+ (Care) |
*Size includes base plus greenshoe for some issuances
($1 = 82.8130 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
India New Issue-IndoStar Capital Finance to issue multiple tenor bonds - bankers
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 3 (Reuters) - India's IndoStar Capital Finance INAC.NS plans to raise an aggregate of six billion Indian rupees ($72.51 million) through the sale of bonds maturing in two years and three years, three bankers said on Thursday.
It will pay an annual coupon of 9.95% and 9.85% respectively, and has invited commitment bids for the issue on Aug. 4, they said. 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. 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | Aug 4 | AA- (Crisil) |
IndoStar Capital Finance | 3-yr | 9.85 | 2.5 | Aug 4 | AA- (Crisil) |
Avanse Financial Services reissue | 2-yr and 11 mnts | To be decided | 1 | Aug 4 | AA- (Care) |
Avanse Financial Services | 3-yr and 1 mnt | 9.40 | 1 + 1.5 | Aug 4 | AA- (Care) |
Tata Capital Financial Services | STRPP | 7.9050 | 60 | Aug 2 | AAA (Crisil) |
Muthoot Fincorp | 3-yr | 9.10 | 1 + 0.25 | Aug 4 | AA- (Crisil) |
*Size includes base plus greenshoe for some issuances
($1 = 82.7480 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
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 3 (Reuters) - India's IndoStar Capital Finance INAC.NS plans to raise an aggregate of six billion Indian rupees ($72.51 million) through the sale of bonds maturing in two years and three years, three bankers said on Thursday.
It will pay an annual coupon of 9.95% and 9.85% respectively, and has invited commitment bids for the issue on Aug. 4, they said. 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. 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | Aug 4 | AA- (Crisil) |
IndoStar Capital Finance | 3-yr | 9.85 | 2.5 | Aug 4 | AA- (Crisil) |
Avanse Financial Services reissue | 2-yr and 11 mnts | To be decided | 1 | Aug 4 | AA- (Care) |
Avanse Financial Services | 3-yr and 1 mnt | 9.40 | 1 + 1.5 | Aug 4 | AA- (Care) |
Tata Capital Financial Services | STRPP | 7.9050 | 60 | Aug 2 | AAA (Crisil) |
Muthoot Fincorp | 3-yr | 9.10 | 1 + 0.25 | Aug 4 | AA- (Crisil) |
*Size includes base plus greenshoe for some issuances
($1 = 82.7480 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
India's Indostar Capital Finance June-Quarter Consol PAT Falls
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
Further company coverage: INAC.NS
(([email protected];))
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
Further company coverage: INAC.NS
(([email protected];))
Indostar Capital Finance To Consider Issue Of Non-Convertible Debentures
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
Further company coverage: INAC.NS
(([email protected];;))
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
Further company coverage: INAC.NS
(([email protected];;))
India New Issue-Indostar Capital Finance raises 7 bln rupees via bonds - bankers
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
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 21 mnts | 9.95 | 3.5 | June 28 | AA- (Crisil) |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | June 28 | AA- (Crisil) |
HDB Financial Services | 3-yr | 8.18 | 4 | June 28 | AAA (Crisil) |
HDB Financial Services Sept 2026 reissue | 3-yr and 2 mnts | 8.04 (yield) | 5.95 | June 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issuances
($1 = 82.0420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IndoStar Capital Finance | 21 mnts | 9.95 | 3.5 | June 28 | AA- (Crisil) |
IndoStar Capital Finance | 2-yr | 9.95 | 3.5 | June 28 | AA- (Crisil) |
HDB Financial Services | 3-yr | 8.18 | 4 | June 28 | AAA (Crisil) |
HDB Financial Services Sept 2026 reissue | 3-yr and 2 mnts | 8.04 (yield) | 5.95 | June 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issuances
($1 = 82.0420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-Indostar Capital Finance to issue multiple tenor bonds - bankers
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indostar Capital Finance | 21 mnts | 9.95 | 1.5 + 2 | June 29 | AA- (Crisil) |
Indostar Capital Finance | 2-yr | 9.95 | 2.5 + 1 | June 29 | AA- (Crisil) |
SIDBI | 3-yr and 3 mnts | 7.55 | 30 | June 27 | AAA (Crisil, Care) |
PNB | 15-yr | 7.74 | 30.9 | June 27 | AAA (India Ratings) |
Goswami Infratech | 2-yr and 10 mnts | 18.75 (yield) | 143 | June 27 | BBB- (Care) |
HDB Financial Services | 3-yr | To be decided | 3 + 2 | June 29 | AAA (Crisil, Care) |
HDB Financial Sept 2026 reissue | 3-yr and 2 mnts | To be decided | 3 + 12 | June 29 | AAA (Crisil, Care) |
Axis Finance | 3-yr | To be decided | 2 + 3 | June 29 | AAA (Crisil) |
Cube Highways Trust | 17-yr and 10 mnts | 7.49 (quarterly) | 10.30 | June 26 | AAA (India Ratings) |
Kotak Infra Debt Fund | 5-yr and 2 mnts | 8.05 | 0.75 + 0.75 | June 29 | AAA (Crisil) |
Tata Projects | 2-yr | 8.10 | 2 | June 29 | AA (India Ratings) |
* Size includes base plus greenshoe for some issuances
($1 = 82.0230 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indostar Capital Finance | 21 mnts | 9.95 | 1.5 + 2 | June 29 | AA- (Crisil) |
Indostar Capital Finance | 2-yr | 9.95 | 2.5 + 1 | June 29 | AA- (Crisil) |
SIDBI | 3-yr and 3 mnts | 7.55 | 30 | June 27 | AAA (Crisil, Care) |
PNB | 15-yr | 7.74 | 30.9 | June 27 | AAA (India Ratings) |
Goswami Infratech | 2-yr and 10 mnts | 18.75 (yield) | 143 | June 27 | BBB- (Care) |
HDB Financial Services | 3-yr | To be decided | 3 + 2 | June 29 | AAA (Crisil, Care) |
HDB Financial Sept 2026 reissue | 3-yr and 2 mnts | To be decided | 3 + 12 | June 29 | AAA (Crisil, Care) |
Axis Finance | 3-yr | To be decided | 2 + 3 | June 29 | AAA (Crisil) |
Cube Highways Trust | 17-yr and 10 mnts | 7.49 (quarterly) | 10.30 | June 26 | AAA (India Ratings) |
Kotak Infra Debt Fund | 5-yr and 2 mnts | 8.05 | 0.75 + 0.75 | June 29 | AAA (Crisil) |
Tata Projects | 2-yr | 8.10 | 2 | June 29 | AA (India Ratings) |
* Size includes base plus greenshoe for some issuances
($1 = 82.0230 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
India's Indostar Capital Finance Posts March-Quarter Consol Profit Versus Loss Yr Ago
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:]
Further company coverage: INAC.NS
(([email protected];))
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:]
Further company coverage: INAC.NS
(([email protected];))
India New Issue-Indostar Capital Fin accepts bids for multiple tenor bonds - bankers
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)
(([email protected]; Reuters Messaging: [email protected] Twiter: https://twitter.com/TambeBhakti))
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)
(([email protected]; Reuters Messaging: [email protected] Twiter: https://twitter.com/TambeBhakti))
India New Issue-Indostar Capital Finance to issue multiple tenor bonds - bankers
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)
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)
India's Indostar Capital climbs on block deal
** 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)
(([email protected]; +91 9769003463))
** 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)
(([email protected]; +91 9769003463))
India's Indostar Capital falls 5% on promoters' plan to trim stake
** Shares of Indostar Capital Finance Ltd INAC.NS fall 4.98% to 118.30 rupees
** Non-banking finance co's promoters Indostar Capital and Everstone Capital Partners seek to sell 14.2% stake, or up to 19,340,000 shares
** Trading volume is 18,685 shares as of 10:11 a.m. IST, 0.6x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line reverts below signal line on Wednesday, suggesting bearish bias
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Indostar Capital Finance Ltd INAC.NS fall 4.98% to 118.30 rupees
** Non-banking finance co's promoters Indostar Capital and Everstone Capital Partners seek to sell 14.2% stake, or up to 19,340,000 shares
** Trading volume is 18,685 shares as of 10:11 a.m. IST, 0.6x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line reverts below signal line on Wednesday, suggesting bearish bias
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
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What does Indostar Capital Fin do?
IndoStar Capital Finance Private Limited, originally named R V Vyapaar Private Limited, is a company primarily engaged in lending business. It was incorporated in 2009 and went through a name change in 2010.
Who are the competitors of Indostar Capital Fin?
Indostar Capital Fin major competitors are MAS Financial Serv, Paisalo Digital, Fusion Finance, PTC India Fin. Serv, Spandana Sphoorty, Ugro Capital, Satin Creditcare. Market Cap of Indostar Capital Fin is ₹4,136 Crs. While the median market cap of its peers are ₹2,117 Crs.
Is Indostar Capital Fin financially stable compared to its competitors?
Indostar Capital Fin seems to be less financially stable compared to its competitors. Altman Z score of Indostar Capital Fin is 0.91 and is ranked 8 out of its 8 competitors.
Does Indostar Capital Fin pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Indostar Capital Fin latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Indostar Capital Fin balance sheet?
Latest balance sheet of Indostar Capital Fin is strong. Strength was visible historically as well.
Is the profitablity of Indostar Capital Fin improving?
The profit is oscillating. The profit of Indostar Capital Fin is ₹120 Crs for TTM, ₹116 Crs for Mar 2024 and ₹225 Crs for Mar 2023.
Is Indostar Capital Fin stock expensive?
Yes, Indostar Capital Fin is expensive. Latest PE of Indostar Capital Fin is 34.59, while 3 year average PE is 9.65. Also latest Price to Book of Indostar Capital Fin is 1.23 while 3yr average is 0.9.
Has the share price of Indostar Capital Fin grown faster than its competition?
Indostar Capital Fin has given better returns compared to its competitors. Indostar Capital Fin has grown at ~51.22% over the last 2yrs while peers have grown at a median rate of 4.94%
Is the promoter bullish about Indostar Capital Fin?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Indostar Capital Fin is 73.59% and last quarter promoter holding is 73.6%
Are mutual funds buying/selling Indostar Capital Fin?
The mutual fund holding of Indostar Capital Fin is decreasing. The current mutual fund holding in Indostar Capital Fin is 0.01% while previous quarter holding is 0.25%.