India’s IndoStar Capital OK’s issuing Rs. 2.75 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – IndoStar Capital Finance Ltd.’s board of directors’ debenture committee approved the issuance of Rs. 2.75 billion of rated, secured, redeemable, nonconvertible debentures on Tuesday, according to a notice with the Bombay Stock Exchange.

The debentures will have a face value of Rs. 10 million each and will be issued on a private placement basis in one or more series and tranches.

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

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