IndoStar Capital Finance Limited has announced the allotment of 1,39,49,323 Equity Shares following the conversion of warrants. This allotment is pursuant to the exercise of conversion rights by the warrant holder, BCP V Multiple Holdings Pte Ltd., who paid the balance consideration of ₹51,33,35,086. The Board of Directors, through a circular resolution passed on December 20, 2025, approved this allotment at an issue price of ₹184 per share. The warrants were initially allotted on November 26, 2024, at an issue price of ₹184 per warrant, convertible into equity shares of ₹10 face value each. Consequent to this allotment, the company's issued, subscribed, and paid-up equity share capital has increased to ₹1,61,53,21,240, comprising 16,15,32,124 equity shares. The newly allotted shares will rank pari passu with the existing equity shares and will be listed on BSE Limited and the National Stock Exchange of India Limited upon receiving listing approval. BCP V Multiple Holdings Pte Ltd. now holds 55.98% of the company's post-issue shareholding, an increase from their pre-issue holding of 51.82%. The conversion involved warrants initially allotted at ₹147.20 (80% of issue price) and the balance ₹36.80 (20% of issue price) paid for the equity share allotment.