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IndoStar Capital Finance receives RBI approval for proposed preferential allotment

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IndoStar Capital Finance announced that the Reserve Bank of India vide email dated 14 May 2020 has accorded its prior approval to IndoStar Home Finance (IHFPL), wholly-owned subsidiary of the Company, for the proposed preferential allotment of equity shares and compulsorily convertible preference shares to BCP V Multiple Holdings.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, May 15 2020. 13:21 IST