IndoStar Capital Finance has received approval for allotment of 1000 Series XXVIII Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 Lakh each, for cash at par, on Private Placement basis, aggregating to Rs 100 crore. The board meeting of the Debenture Committee of the company was held on June 4, 2018, approved the same.
The date of allotment was June 4, 2018 with a tenor of 1107 days and has a maturity date on June 15, 2021.
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.
