iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Brookfield Asset and Another Investor to Inject Rs 457 Crore into IndoStar Capital as Promoters

26 Mar 2024 , 03:17 PM

IndoStar Capital Finance has agreed to finance Rs 457 crore by preferentially allotting warrants to promoter Brookfield Asset Management and non-promoter investment Florintree Tecserv LLP.

Brookfield will spend Rs 257 crore by subscribing to about 13.95 million warrants priced at Rs 184 apiece, while Florintree would invest Rs 200 crore by subscribing to 10.87 million warrants, according to an exchange filing.

IndoStar Capital will receive 25% of the warrant subscription amount after routine regulatory and shareholder clearances, and the remaining 75% will be obtained within the next 18 months.

Each warrant will be convertible into or exchangeable for one equity share of the firm, and it can be exercised in one or more tranches during the course of the 18-month term.

Following the fundraising, Brookfield's current stake in the firm will remain at 56.20%.

'The investment will enable the company to accelerate its growth journey in its core markets - vehicle finance, affordable housing finance and SME finance,' IndoStar Capital stated in a press release.

The funding is subject to all necessary legislative and regulatory clearances, including shareholder approval.

The company will conduct an extraordinary general meeting of shareholders on March 22 to seek their approval for the proposed funding.

IndoStar Capital Finance Limited is a systemically significant non-deposit-taking non-banking finance company ('NBFC') registered with the Reserve Bank of India. It is a professionally managed and institutionally owned organisation that primarily provides structured term finance solutions to corporates and loans to small and medium enterprises ('SME') in India. 

It offers financing for commercial, passenger, and two-wheeler cars, both old and new. It also provides house loan solutions through its fully owned subsidiary, IndoStar Home loan Private Limited.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Indostar
  • IndoStar Investment
  • IndoStar News
  • IndoStar Stake
  • IndoStar Updates
sidebar mobile


Read More

Most Read News

Awfis IPO oversubscribed 4.19x on day two
23 May 2024|09:51 PM
Indian markets end the day on high
23 May 2024|03:59 PM
Markets surge

Markets surge

23 May 2024|03:45 PM
MG Motor India to supply 3000 EVs to Vertelo
23 May 2024|03:46 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.