IndoStar Capital Finance has raised Rs 50 crore through Secured, Rated, Listed, Redeemable, Non Convertible Debentures (NCDs) and allotted 500 Series NCDs having face value of Rs 10 lakh each, for cash at par on private placement basis.
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.