Brookfield Property Partners L.P. (NasdaqGS:BPY) is in talks to acquire a majority stake in IndoStar Capital Finance Limited (NSEI:INDOSTAR), said two people with direct knowledge of the matter. Brookfield focused on alternative assets could either buy the promoters' stake in the finance company, owned by Everstone Capital and Goldman Sachs, or subscribe to preference shares by the firm, the people said. The deal could also be a mix of promoter stake sale and preference share allotment, they said.

“The deal is in the last stage of finalisation and could be announced in the next few days,” said one of the persons involved in the deal. An email query sent to Everstone Capital did not elicit any response till the time of going to press while Brookfield Asset Management declined to comment.