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IndoStar Capital Finance gets nod to raise up to Rs 800 crore via NCDs
Jun-18-2018

IndoStar Capital Finance’s board has approved the issue of Rated, Listed, Secured/Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of Face Value of Rs 10 lakh each, for cash, for an amount aggregating up to Rs 800 crore to be issued in one or more tranches on private placement basis under a Shelf Disclosure Document.

The said NCDs shall be listed on the Wholesale Debt Market Segment of the BSE. Debenture Committee of the Board of Directors of the company at its meeting held on June 18, 2018 has considered and approved the same.

IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.

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