India, Sept. 30 -- Indostar Capital Finance Ltd has announced the sale of a portion of its commercial vehicle (CV) loan book to Phoenix ARC Pvt Ltd as part of its efforts to reduce stressed assets.
The transaction covers dues outstanding of Rs 309.6 crore, with a purchase consideration of up to Rs 220.3 crore. The resolution of these accounts was completed on September 29, 2025, in line with the Reserve Bank of India's Master Directions on Transfer of Loan Exposures, 2021 (as amended).
The company said the move marks a significant step in strengthening its balance sheet by reducing stress from its loan portfolio.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....