Indostar Capital Finance

IndoStar Capital Chief Executive Deep Juggi quits after short stint

Company elevates Chief Risk Officer K Srinivasan as CEO

Analysts bet on consumer financiers as festive cheer perks up loan demand

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

Stocks to Watch: Cipla, NTPC, Adani group, SBI Cards, Hind Zinc, Nxtdigital

Stocks to Watch: ICICI Securities, Axis Capital and Citigroup Global Markets are among the 5 investment bankers selected to manage the sale of the government's 29.53% residual stake in Hindustan Zinc

IndoStar Capital Finance back in black in Q1 with net profit at Rs 61 cr

Company's net revenues during April-June quarter of FY23 were up by 32 per cent at Rs 167 crore as against Rs 126.6 crore in same period of FY22, IndoStar Capital said in a release.

IndoStar Capital freezes at 10% lower circuit on accounting discrepancies

The company may have to make an additional expected credit loss provisions between Rs 557 crore - Rs 677 crore due to the "certain observations and control deficiencies" made by an external auditor.

Brookfield-backed IndoStar Capital Finance eyes 800 branches in four years

The non-banking financial company (NBFC) expects to grow loan book 4-5 times and also enter financing of used cars and tractors as part of its medium-term strategy

Sridhar quits as vice-chairman IndoStar Capital; Deep Jaggi new CEO

Company offers no reason for resignation; Sridhar joined IndoStar in April 2017, had worked with Sriram Group since 1985.

Stocks to watch: CarTrade Tech, HDFC Bank, Vodafone Idea, Airtel, Indostar

MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30

Indostar Capital reports net loss of nearly Rs 37 crore in June quarter

Pre-provisioning operating profit was of Rs 33.10 crore during the quarter, down from Rs 75.10 crore in year ago period

IndoStar Capital Finance Q3 net profit jumps multi-fold to Rs 24 cr

Its net profit stood at Rs 0.2 crore in the same period a year ago

Indostar Capital Finance hits 52-week high; stock surges 37% in 7 days

On August 18, Indostar Capital Finance allotted debentures to State Bank of India, worth Rs 200 crore, on preferential placement basis

Brookfield's equity infusion crucial for Indostar Capital in Q1 FY21: CARE

Besides challenges faced by wholesale NBFC in particular, the credit costs (amount to be provided for stressed assets), are likely increase post outbreak of COVID 19

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

IndoStar Capital to buy IIFL's CV finance biz with AUM worth Rs 3,949 cr

The boards of both companies have approved the transaction, however, the value of the deal has not been disclosed

IndoStar Capital Finance: Revenue may grow 40% annually during FY18-20

Morgan Stanley (MS), in a report this week, estimates IndoStar's share of retail AUM to double to 52% by FY20

Indostar Capital Finance stocks ends with 2% gains on stock market debut

On NSE, shares of the company settled at Rs 585, a gain of 2.27 per cent

Indostar Capital Finance lists at 5% premium over issue price

The stock listed at Rs 600, a 5% premium against its issue price of Rs 572 on the NSE and BSE.

IndoStar IPO subscribed seven times on heavy QIB interest, retail lags

HNI and retail portion subscribed 7 times and 1.34 times respectively

Indostar's 7-bn IPO subscribed 1.42 times till afternoon trade on Day 3

The issue received bids for 3,19,59,590 shares against the total issue size of 2,25,75,438 shares, data available with the NSE till 1330 hrs showed

Indostar Capital Finance IPO seems decent buy; valuation appears reasonable

Experienced management will expand offerings such as vehicle finance and drive growth; valuation appears reasonable