India’s IndoStar board to consider up to Rs. 4 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 7 – IndoStar Capital Finance Ltd.’s board of director’s debenture committee will consider an issue of up to Rs. 4 billion rated, secured, redeemable nonconvertible debentures on Monday, according to a notice with the Bombay Stock Exchange.

The debentures, which will have a face value of Rs. 1 million each, will be issued on private placement basis in one or more tranches and series.

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

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