IndoStar Capital jumps on $209 mn deal to sell home finance unit to EQT

IndoStar Capital Finance's shares surged to a three-year high after announcing a $209 million deal to sell its home finance unit to EQT. This move allows IndoStar to concentrate on vehicle finance and small business loans. EQT plans to invest 5 billion rupees in IndoStar Home Finance, focusing on affordable housing loans.