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Indostar Capital Finance gets nod to raise Rs 5,000 crore via NCDs

18 Jun 2021 Evaluate

Indostar Capital Finance has received an approval for the issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 5,000 crore on private placement basis. The Board of Directors of the Company at its Meeting held on June 17, 2021, 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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