IndoStar Capital Finance has received approval to raise funds for an amount not exceeding Rs 12,000 crore through issue of Non-Convertible Debentures (NCDs) on private placement basis, in one or more series / tranches.
The Board of Directors of the company at its meeting held on August 10, 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.