IndoStar Capital Finance has raised Rs 50 crore. The company allotted 500 Series Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, for cash at par, on Private Placement basis.
The date of allotment is May 28, 2018, with a tenor of 457 days and the date of maturity is August 28, 2019. The meeting of the Debenture Committee of the company held on May 28, 2018, 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.
