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IndoStar Capital Finance to raise Rs 12,000 crore via NCDs

10 Aug 2018 Evaluate

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.

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