Florintree Tecserv increases stake in IndoStar Capital Finance

Florintree Tecserv LLP (Florintree) has disclosed the acquisition of 10,869,565 equity shares in IndoStar Capital Finance Limited, representing 7.37% of the total voting capital. This acquisition, which occurred on November 25, 2025, resulted from the conversion of warrants into equity shares following a preferential allotment.

Prior to this acquisition, Florintree held warrants entitling it to 10,869,565 shares, corresponding to 6.73% of the total diluted share/voting capital. The conversion has increased Florintree's direct voting rights in IndoStar Capital Finance, moving from 0% before the acquisition to 7.37% post-acquisition. The total equity share capital of IndoStar Capital Finance Limited subsequently increased from 136,713,236 equity shares of Rs. 10/- each, to 147,582,801 equity shares of Rs. 10/- each.

The transaction was executed via a preferential allotment, further diluting the total share/voting capital of IndoStar Capital Finance to 161,532,124 equity shares of Rs. 10/- each, assuming the full conversion of outstanding convertible securities and warrants. This disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.