IndoStar Capital Finance trades in green on the BSE
Indostar Capital Finance is currently trading at Rs. 315.00, up by 5.15 points or 1.66% from its previous closing of Rs. 309.85 on the BSE.
The scrip opened at Rs. 317.90 and has touched a high and low of Rs. 317.90 and Rs. 315.55 respectively. So far 233 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.60 on 24-May-2018 and a 52 week low of Rs. 275.00 on 23-Oct-2018.
Last one week high and low of the scrip stood at Rs. 330.05 and Rs. 308.85 respectively. The current market cap of the company is Rs. 2857.98 crore.
The promoters holding in the company stood at 60.29%, while Institutions and Non-Institutions held 22.23% and 17.48% respectively.
IndoStar Capital Finance has executed a definitive agreement for the acquisition of the Commercial Vehicle Finance Business of India Infoline Finance on a going concern basis. This strategic acquisition, which is profit accretive, helps the company to significantly accelerate timelines in achieving its goal of becoming leading retail finance NBFC having a diversified and profitable asset book with strong growth prospects.
IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.
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