India’s IndoStar plans up to Rs. 1 billion nonconvertible debentures

By Tali Rackner

Norfolk, Va., Dec. 12 – IndoStar Capital Finance Pvt. Ltd. informed the Bombay Stock Exchange that it plans to issue rated secured redeemable nonconvertible debentures for an aggregate amount up to Rs. 1 billion.

IndoStar’s board of directors met and approved the issue on Dec. 12.

The company plans to issue the debentures at Rs. 1 million each for cash at par on private placement basis.

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

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