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IndoStar Capital Finance gets nod to raise Rs 10,000 crore via NCDs

13 Aug 2020 Evaluate

IndoStar Capital Finance’s board has approved issue of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 10,000 crore on private placement basis, in one or more series / tranches during a year from the date of approval by the shareholders of the Company, within the aggregate borrowing limits of the company. The Board of Directors of the company at its Meeting held on August 12, 2020 has, inter-alia, considered and 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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