IndoStar Capital Finance has raised Rs 350 crore through allotment of Non-Convertible Debentures (NCDs). The company has received approval for the allotment of 15,000 Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures having face value of Rs 1,00,000 each amounting upto Rs 150 crore (Debentures (Tranche 1)), and 20,000 Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures having face value of Rs 1,00,000 each amounting upto Rs 200 crore (Debentures (Tranche 2)) on private placement basis. The Borrowing Committee of the Company vide Circular Resolution dated 27 February 2025, 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.
