IndoStar Capital Finance has raised Rs 50 crore through the allotment of 500 - 7.80 % ICFL Series XLVI 2024 Rated Listed Secured Redeemable Taxable Non-Convertible Debentures (Debentures or NCDS) of face value of Rs 10 lakh each, for cash, at par, on Private Placement Basis. The Board of Directors of the company dated January 3, 2022, 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.