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IndoStar's CEO infuses Rs 100 cr for 5% stake

First Indian non-bank financing company to be sponsored by global financial institutions, PE players

T E Narasimhan  |  Chennai 

R Sridhar, who recently joined Everstone-backed IndoStar Capital Finance, has infused around Rs 100 crore into the company.  The financial-services veteran has joined IndoStar as executive vice-chairman and chief executive officer, taking over from Vimal Bhandari, who had led the firm since 2011. While Sridhar was not available for comment, sources close to the company and to him have confirmed that he had picked up around five per cent stake in the company by infusing around Rs 100 crore. It was also learnt his investment had been backed by a few other ...

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First Published: Thu, May 04 2017. 13:35 IST
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