Support: +91-22-61011756 /

IndoStar Capital Finance to acquire CV finance business of IIFL

Wednesday, 06 Feb 2019
Share this on :
IndoStar Capital Finance has inked a binding agreement to acquire the commercial vehicle (CV) finance business of India Infoline Finance (IIFL Finance), a material subsidiary of IIFL Holdings.

The acquisition includes the entire CV finance AUM of Rs 3,949 crore as on 31 December 2018, comprising Rs 2,450 crore of loan portfolio and Rs 1,499 crore of securitisation/assignment portfolio, together with 1,337 strong employee team located in 161 branches spread over 18 states.

The cmpany has achieved a gross disbursement in excess of Rs 3,000 crore for FY18 and Rs 1,723 crore for H1/FY19. The boards of both companies have approved the above transaction.

Post Your Comments


Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

Free Trial Access

Get Trial Access


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community


Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services