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IndoStar Capital Finance to raise Rs 75 crore on private placement basis

08 Jun 2018 Evaluate

IndoStar Capital Finance has received an approval for the allotment of 750 Series XXIX Rated, Listed, Secured, Redeemable, Non-Convertible Debentures of face value of Rs 10 Lakh each, for cash at par, on Private Placement basis, aggregating to Rs 75 crore. The Debenture Committee of the Board of Directors of the company on June 07, 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.

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