IndoStar Capital Finance has raised Rs 45.90 crore through Rated, Secured, Principal Protected, Redeemable, Market Linked, Non-Convertible Debentures (NCDs) and allotted 459 NCDs having face value of Rs 10 lakh each, for cash, 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.