India's Indostar Capital Finance at over 3-yr high after sale of unit

IndoStar Capital Finance

20/09/2024 05:05

** Shares of Indostar Capital Finance  INAC.NS  rose 10.4%
to 333 rupees, their highest since Aug. 18, 2021, before
trimming gains to last trade 7% higher
    ** The non-banking finance co announced sale of unit
IndoStar Home Finance to Witkopeend B.V. for 17.50 billion
rupees ($209.42 million)
    ** INAC sees second-busiest week since May 8, 2023, with
over 2.3 mln shares traded
    ** Stock up 96% YTD


($1 = 83.5630 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))