IndoStar Capital Finance has received an approval to raise Rs 50 crore and for allotment of 500, Series XXXIX Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures of Face Value of Rs 10 lakh each, for cash, at par, to A K Capital Finance on private placement basis. The Debenture Committee of the company vide resolution dated October 13 2020 has approved allotment of 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.
