IndoStar Capital Finance raises Rs 225 crore via NCDs
IndoStar Capital Finance has raised Rs 225 crore through the allotment of 25,500 – Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, for cash, at par, (Debentures) on Private Placement basis. The Debenture Committee of the Company vide Circular Resolution dated May 15, 2023, approved allotment of 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.
