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Published on 11/1/2013 in the Prospect News Emerging Markets Daily.

IndoStar board approves Rs. 500 million nonconvertible debt issue

By Tali David

Minneapolis, Nov. 1 - IndoStar Capital Finance Pvt. Ltd. informed Bombay Stock Exchange that its board of directors approved a proposed issue of secured redeemable nonconvertible debentures for an aggregate amount of Rs. 500 million.

The debentures would be issued on private placement basis.

IndoStar is a non-banking financial company based in Mumbai, India.


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