JSA advised EQT on its acquisition of IndoStar Home Finance Private Limited

  • Deal
  • October 22, 2024

JSA advised EQT on its acquisition of IndoStar Home Finance Private Limited, a wholly owned subsidiary of IndoStar Capital Finance Limited, a listed company, for INR 17.5 Billion (USD 210 million). IndoStar Home Finance is a fast-growing affordable housing finance company with INR 24 billion in assets under management, that has supported over 39,000 low income homeowners and small businesses. The transaction is subject to customary regulatory approvals.

EQT also proposes to invest INR 5 billion in primary capital to support IndoStar Home’s continued growth, including by broadening its footprint across India and investing in digital capabilities.

Deal value: INR 17.5 Billion

Our Transaction Team Comprised Lead Partners – Vikram Raghani and Anand Lakra, Partner – Akshay Bhargav, Principal Associate – Ami Shah, Senior Associates – Jinay Shah and Anamika Ballewar, and Associates – Diya Dave, Ishan Saxena, Samika Pachouly and Company Secretary – Niki Shah.

Our Banking and Finance Team Comprised Partners – Pratish Kumar, Sumitava Basu, Senior Associates – Karan Abichandani and Sonali Singh, Associates – Anmol Narang and Arpita Mittal.

Our Employment Team Comprised Senior Associate – Parvathy Manoj, and Associates – Kajol Pokkhriyal, Maitrayi Jain and Sherin Jose.

Our Data Privacy Team Comprised Partner – Yajas Setlur, Senior Associate – Shivani Bhatnagar, and Associates – Bhargavi KuchewarNikhil George.

Our Competition Team Comprised Partners – Vaibhav Choukse and Ela Bali, Senior Associate – Aditi Khanna and Associate – Faiz Siddiqui.