India's IndoStar may issue Rs. 100 million non-convertible debentures

By Tali Rackner

Norfolk, Va., March 10 - IndoStar Capital Finance Pvt. Ltd. informed Bombay Stock Exchange that its board will meet on March 12 to consider a proposed issue of secured redeemable nonconvertible debentures of Rs. 1 million each for cash at par for an aggregate amount up to Rs. 100 million.

The debentures would be issued on a private placement basis and be listed on the wholesale debt market segment of the Bombay Stock Exchange.

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

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