India’s IndoStar OKs up to Rs. 8 billion of non-convertible debentures

By Tali Rackner

Minneapolis, June 18 – IndoStar Capital Finance Ltd. informed the Bombay Stock Exchange that its board of directors approved on Monday up to Rs. 8 billion of secured and/or unsecured redeemable nonconvertible debentures.

The debentures will have a face value of Rs. 1 million each and will be issued via private placement in one or more tranches.

The rated and listed debentures will be listed on the wholesale debt market segment of the BSE Ltd.

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

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