IndoStar Capital Finance to Sell Part of Stressed Commercial Vehicle Loan Portfolio

MT Newswires Live

03-31

IndoStar Capital Finance (NSE:INDOSTAR, BOM:541336) will reduce its stressed portfolio through the sale of a portion of its commercial vehicle loan book to Assets Care & Reconstruction Enterprise for up to 650 million Indian rupees, according to a Saturday filing to the Indian stock exchanges.

The sale consists of certain accounts tagged under "Stage 3," amounting to dues outstanding of 905.6 million rupees.

The accounts have been resolved on March 29 in terms of the Reserve Bank of India's Master Directions.

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Reconstruction Enterprise for up to 650 million Indian rupees, according to a Saturday filing to the Indian stock exchanges.</p><p>The sale consists of certain accounts tagged under \"Stage 3,\" amounting to dues outstanding of 905.6 million rupees.</p><p>The accounts have been resolved on March 29 in terms of the Reserve Bank of India's Master Directions.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z4B17.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2523924957","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2523924957","pubTimestamp":1743396550,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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