India’s IndoStar may issue Rs. 1 billion nonconvertible debentures

By Tali Rackner

Norfolk, Va., Dec. 9 – IndoStar Capital Finance Pvt. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Dec. 12 and consider issuing rated secured redeemable nonconvertible debentures of Rs. 1 million each for cash at par for an aggregate amount up to Rs. 1 billion.

The debentures would be issued on private placement basis.

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

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