Indostar Capital Finance Ltd. Conference Calls and Earnings Call Transcripts

Dear Sir / Madam, Please find attached herewith transcript of analyst(s) / institutional investor(s) call on Unudited Financial Results for the quarter ended 30 June 2020. Request you to kindly take the above on record.

Dear Sir / Madam, Please find attached herewith transcript of analyst(s) / institutional investor(s) call on Audited Financial Results for the quarter and financial year ended 31 March 2020. The transcript is also available on the website of the Company at www.indostarcapital.com. Request you to kindly take the above on record.

Earnings Call Transcript for Q3FY20

Opening Remarks

So, let me first give you an overview of the recent transaction, which we have announced on the equity infusion from Brookfield. As all of you are aware Brookfield is a marquee global private equity investor the second largest in the world with $510 billion assets under management and they have investments of $18 billion in India. There are various firsts about this deal for Brookfield, we are their first Private Equity deals in India, we are also their first NBFC investment and a first investment for them in a listed entity in addition to it being a first investment for them where they are entering into a partnership. So, this equity infusion is around Rs 1225 crore into the company and out of the Rs 1225 crore around Rs 875 crore will be in equity and another Rs 350 crore will be in compulsorily convertible preference shares.

Apart from these two, they will also buy a small quantum from the existing shareholder and these two transactions will trigger an open offer. Post all this, Brookfield is likely to have a minimum of 40% equity shares which makes them the single largest shareholder in the company. This transaction comes at a very opportune time for IndoStar when the industry has faced stiff challenges in the last 15 months post IL&FS; problem, which led to lot of liquidity shortage for the NBFC industry resulting in slowdown on asset side. The capital infusion is going to help IndoStar look at growth from the next financial year once this transaction is culminated in the next few months. Brookfield has completed a due diligence process and signed binding agreements and we expect the necessary regulatory approvals to come in the next few months to close this transaction.

The networth of the company will increase by Rs 1225 crore taking it to around Rs 4200 crore. This helps us increase our business up to 3 times without any further requirement of capital. With a global investor like Brookfield partnering Everstone as a co-promoter adds significant credibility to IndoStar in the marketplace. Ever since this announcement has been made last week, banks have been reaching out to us and they are showing willingness to consider enhancement / new credit limits to us once this transaction is completed. We hope that around Rs 2,500 crore of debt funding will come on the back of this transaction. So, we are very confident that this partnership will solve the problems of capital and liquidity for IndoStar and will help us to look at growing our retail business swiftly.

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Dear Sir / Madam, Please find attached herewith transcript of analyst(s) / institutional investor(s) call on Unaudited Financial Results for the quarter and half year ended 30 September 2019. The transcript is also available on the website of the Company at www.indostarcapital.com. Request you to kindly take the above on record and disseminate the same on your website.

Dear Sir / Madam, Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) call on Unaudited Financial Results for the quarter ended 30 June 2019. This transcript is also available on the website of the Company at www.indostarcapital.com. Request you to kindly take the above on record and disseminate the same on your website.

Dear Sir / Madam, Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) Call held on Tuesday,21 May 2019 at 01.30 p.m. (IST). This Transcript is also available on the website of the Company at www.indostarcapital.com. Request you to kindly take the above on record and disseminate the same on your website.

Dear Sir / Madam, Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) Call held on Monday, 4 February 2019 at 05.30 p.m. (IST). This Transcript is also available on the website of the Company at www.indostarcapital.com. Request you to kindly take the above on record and disseminate the same on your website.

Dear Sir / Madam, Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) Call on un-audited financial results of the Company for the quarter and half year ended 30 September 2018.

Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) Call held on 10 August 2018.

Please find enclosed herewith Transcript of analyst(s) / institutional investor(s) Call on Financial Statements of the Company for the Financial Year ended 31 March 2018, held on 30 May 2018. Please take the above on record and acknowledge receipt of the same.