India's Indostar Capital falls 5% on promoters' plan to trim stake

IndoStar Capital Finance

03/05/2023 05:53

** 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)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))