Bengaluru, July 18 -- The shares of this non-banking financial company, which is involved in corporate lending, vehicle financing, and other services, surged 5.66 percent after it sold its subsidiary.

With a market capitalization of Rs. 4,408 Crore, the shares of IndoStar Capital Finance Limited opened at Rs. 333.00 per equity share, from its previous day's closing price of Rs. 314.00,and made an intra-day high of Rs. 333.00 (5.66 percent,) which is the same as the open price.

Stake sale

IndoStar Capital Finance Limited has completed the sale of its entire stake in its subsidiary, Niwas Housing Finance Private Limited (formerly IndoStar Home Finance Private Limited), to Witkopeend BV, an affiliate of BPEA EQT Mid-Market Growth Partners...