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India's IndoStar plans to issue Rs. 500 million of secured debentures
By Marisa Wong
Madison, Wis., Jan. 2 - IndoStar Capital Finance Pvt. Ltd. said it plans to issue a total of Rs. 500 million of secured redeemable non-convertible debentures on a private placement basis.
The debentures will be priced at par of Rs. 1 million each.
The debenture committee of IndoStar's board of directors approved the issuance at its meeting on Thursday.
The company said the debentures will be listed on the Bombay Stock Exchange of India Ltd.
The non-banking financial company is based in Mumbai.
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