India’s IndoStar Capital approves Rs. 1 billion debenture issue

By Tanya Meyer

Chicago, Jan. 5 – IndoStar Capital Finance Ltd. informed the Bombay Stock Exchange that its debenture committee at a Jan. 5 meeting has approved the issuance of Rs. 1 billion in series XIII, secured, redeemable, non-convertible debentures.

The debentures, with a face value of Rs. 10 million each, will be issued for cash at par in one or more tranches and series 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 Ltd.

IndoStar Capital is a Mumbai-based, non-banking financial credit company.

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