JSA provided legal counsel to EQT on its acquisition of IndoStar Home Finance Private Limited, a wholly-owned subsidiary of IndoStar Capital Finance Limited, a publicly listed company, for a total of INR 17.5 billion (USD 210 million).
IndoStar Home Finance, a rapidly expanding affordable housing finance company with INR 24 billion in assets under management, has assisted over 39,000 low-income homeowners and small businesses. The deal is subject to standard regulatory approvals.
In addition to the acquisition, EQT plans to invest INR 5 billion in primary capital to fuel IndoStar Home’s ongoing growth, aiming to expand its presence across India and enhance its digital capabilities.
The transaction team was led by partners Vikram Raghani and Anand Lakra, supported by partner Akshay Bhargav, principal associate Ami Shah, senior associates Jinay Shah and Anamika Ballewar, and associates Diya Dave, Ishan Saxena, Samika Pachouly, alongside company secretary Niki Shah.
The banking and finance team consisted of partners Pratish Kumar and Sumitava Basu, senior associates Karan Abichandani and Sonali Singh, and associates Anmol Narang and Arpita Mittal.
The employment team included senior associate Parvathy Manoj and associates Kajol Pokkhriyal, Maitrayi Jain, and Sherin Jose.
The data privacy team featured partner Yajas Setlur, senior associate Shivani Bhatnagar, and associates Bhargavi Kuchewar and Nikhil George.
The competition team comprised partners Vaibhav Choukse and Ela Bali, senior associate Aditi Khanna, and associate Faiz Siddiqui.
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