IndoStar Capital Finance allots shares after warrant conversion

IndoStar Capital Finance Limited has announced the allotment of 13,949,323 equity shares at an issue price of ₹184 per share. This follows the conversion of warrants by BCP V Multiple Holdings Pte Ltd., a promoter of the company.

The allotment, approved by the board of directors on December 20, 2025, follows the exercise of conversion rights and payment of the balance consideration of ₹513,335,086 (20% of the issue price per warrant). These equity shares, each with a face value of ₹10, will rank pari-passu with existing equity shares and will be listed on BSE Limited and National Stock Exchange of India Limited upon receipt of listing approval.

The warrants were initially allotted on November 26, 2024, at an issue price of ₹184 per warrant, with the conversion price including a premium of ₹174 per share. As a result, the issued, subscribed and paid-up equity share capital of IndoStar Capital Finance has increased to ₹1,615,321,240, comprising 161,532,124 fully paid-up equity shares of ₹10 each.

BCP V Multiple Holdings Pte Ltd.'s shareholding in IndoStar Capital Finance has increased from 51.82% (76,482,638 shares) to 55.98% (90,431,961 shares) post-allotment. The transaction involved a single investor.