IndoStar to buy CV finance business of IIFL Finance

IndoStar to buy CV finance business of IIFL Finance

Mumbai : IndoStar Capital Finance Limited (IndoStar), one of the leading NBFCs in the country, has signed a binding agreement to acquire the CV finance business of India Infoline Finance Limited (IIFL Finance), a material subsidiary of IIFL Holdings Limited.

IndoStar Capital Finance Limited (IndoStar) will buy out the commercial vehicle (cv) finance business of India Infoline Finance Limited (IIFL Finance) with assets under management (AUM) worth Rs 3,949 crore. IndoStar has signed an agreement to acquire the CV finance business of IIFL Finance, a material subsidiary of IIFL Holdings Limited.

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IndoStar Capital Finance acquires CV finance business of India Infoline Finance February 4th, 2019 IndoStar Capital Finance has executed definitive agreement on 03 February 2019 for acquisition of the Commercial Vehicle Finance Business of India Infoline Finance on a going concern basis.

IndoStar to acquire Commercial Vehicle finance business of IIFL. Business complementarity and significant growth potential drives the deal for IndoStar. CV finance team strength will.

India Infoline Finance, a subsidiary of IIFL Holdings, has signed a binding agreement with IndoStar Capital Finance, a non-banking finance company (NBFC), to sell its commercial vehicle (CV.

Highlights of the report: Bad debt write off and delinquency support – Tata Motors provides delinquency support to its finance subsidiary. to grow 23.5% in FY15-17E boosted by recovery in CV cycle..

A term loan for business expansion sometimes comes bundled with a working. probably the bigger question is what comes next for finance. Someone will have to fix this broken engine, and quickly..

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IIFL Holdings shares were down 9 per cent at Rs 378.60 on BSE.

In a separate release, Indostar announced the acquisition of commercial vehicle finance business of IIFL Finance. The acquisition includes the entire CV finance assets of Rs 3,949 crore, along.

IndoStar Capital Finance has inked a binding agreement to acquire the commercial vehicle (CV) finance business of India Infoline Finance (IIFL Finance), a material subsidiary of IIFL Holdings. Support: +91-22-61011756 / help@projectstoday.com .

Khaitan & Co acted as the legal adviser for India Infoline Finance Limited in connection with the transaction. IndoStar Capital Finance Ltd, a non-banking finance company, has signed a binding agreement to acquire the CV finance business of India Infoline Finance Ltd (IIFL Finance), a subsidiary of IIFL Holdings Ltd.

Downgrading the stock to `hold’ from `buy’, HSBC said long-term growth outlook remains intact but valuation appears high. The sharp run-up leaves little room for re-rating given the uncertainties in.

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