IndoStar reduces stressed portfolio by selling commercial vehicle loans

IndoStar Capital Finance Limited announced the sale of a segment of its commercial vehicle loan book to Phoenix ARC Private Limited, a strategic move to reduce its stressed portfolio. The transaction involves dues outstanding of Rs. 309.6 crores, with a purchase consideration of up to Rs. 220.3 crores.

This action aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The resolution of these accounts was finalized on September 29, 2025, in adherence to the Master Directions – Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, including subsequent amendments.

The company's company secretary and compliance officer, Shikha Jain, digitally signed the intimation, confirming the details for public record.