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IndoStar Capital Finance to raise Rs 10,000 crore via NCDs

IndoStar Capital Finance to raise Rs 10,000 crore via NCDs

IndoStar Capital Finance has received approval for issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 10,000 crore on private placement basis, in one or more series / tranches during a year. The Board of Directors of the Company at its meeting held on May 20, 2019 has approved the same.

IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.

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