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Indostar Capital Finance raises Rs 250 crore via NCDs

08 Jan 2019 Evaluate

Indostar Capital Finance has raised Rs 250 crore through allotment of 2500 Series XXXII Rated, Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) of Face Value of Rs 10 lakh each, for cash at par, on Private Placement Basis. The Debenture Committee of the Board of Directors of the Company has 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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