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01-Apr2019

IndoStar Capital Finance acquires commercial vehicle finance business of India Infoline Finance

IndoStar Capital Finance has executed closing agreement with India Infoline Finance (IIFL) for acquisition of Commercial Vehicle Finance Business of IIFL comprising Assets under Management of Rs 3,620 crore, employees, branches and infrastructure, at a net purchase consideration of Rs 2,419.36 crore.

IndoStar Capital Finance is a non-banking finance company 'NBFC' registered with the Reserve Bank of India as a systemically important non-deposit taking company.


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