By Sarah Lizee
Olympia, Wash., May 25 – IndoStar Capital Finance Ltd. informed the Bombay Stock Exchange that the debenture committee of its board of directors approved and allotted Rs. 500 million of 9.17% unsecured redeemable nonconvertible debentures due 2019.
The 50 series XXVI debentures, with a face value of Rs. 10 million each, were issued on a private placement basis.
IndoStar Capital is a Mumbai-based, non-banking financial credit company.
| Issuer: | IndoStar Capital Finance Ltd.
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| Issue: | Unsecured redeemable rated unlisted nonconvertible debentures
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| Amount: | Rs. 500 million
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| Tenor: | 395 days
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| Maturity: | June 24, 2019
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| Coupon: | 9.17%
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| Allotment date: | May 25
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