India’s IndoStar Capital may issue up to Rs. 1 billion in debentures

By Tanya Meyer

Chicago, Dec. 30 – IndoStar Capital Finance Ltd. has informed the Bombay Stock Exchange that the debenture committee of its board of directors will meet on Jan. 5 to consider the issuance of up to Rs. 1 billion in secured, redeemable, non-convertible debentures.

If approved, the debentures will be issued at Rs. 10 million each for cash at par on a private placement basis, according to a news release.

The debentures will be listed on the Wholesale Debt Market Segment of the Bombay Stock Exchange.

IndoStar Capital is a Mumbai-based, non-banking wholesale credit financial provider of debt products.

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