India: IndoStar Capital jumps on $209m deal to sell home finance unit to PE firm EQT

India: IndoStar Capital jumps on $209m deal to sell home finance unit to PE firm EQT

Photo by micheile henderson on Unsplash

Shares of IndoStar Capital Finance climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 million deal to sell its home finance unit to private equity firm EQT.