Acquisition History / EQT / Indostar Home Finance Pvt Ltd
EQT Acquires Indostar Home Finance Pvt Ltd
Announced September 20, 2024 — $197.8M
What happened
EQT agreed to acquire 100% of Indostar Home Finance, the affordable housing finance subsidiary of Indostar Capital Finance, for Rs 1,750 crore. EQT's BPEA Mid-Market Growth Partnership fund committed a further Rs 500 crore for geographic expansion and digitisation. Founded in 2017, the lender had Rs 2,400 crore of AUM and more than 130 branches across nine states.
- Acquirer
- EQT
- Target
- Indostar Home Finance Pvt Ltd
- Announced
- September 20, 2024
- Price
- $197.8M
- Industry
- Affordable housing finance
- Buyer type
- Private equity
- Fund vehicle
- BPEA Mid-Market Growth Partnership
- Backing investors
- EQT
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did EQT acquire Indostar Home Finance Pvt Ltd?
EQT acquired Indostar Home Finance Pvt Ltd on September 20, 2024. This was EQT's 2nd publicly tracked acquisition out of 3 we have on record.
How much did EQT pay for Indostar Home Finance Pvt Ltd?
EQT paid $197.8M for Indostar Home Finance Pvt Ltd.
What does Indostar Home Finance Pvt Ltd do?
EQT agreed to acquire 100% of Indostar Home Finance, the affordable housing finance subsidiary of Indostar Capital Finance, for Rs 1,750 crore. EQT's BPEA Mid-Market Growth Partnership fund committed a further Rs 500 crore for geographic expansion and digitisation. Founded in 2017, the lender had Rs 2,400 crore of AUM and more than 130 branches across nine states.
What other Affordable housing finance companies has EQT acquired?
Indostar Home Finance Pvt Ltd is EQT's only publicly tracked acquisition in Affordable housing finance so far.
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