Stocks

Indostar Capital Finance to raise up to Rs 800 cr

| Updated on June 18, 2018 Published on June 18, 2018

Indostar Capital Finance has informed the exchanges that the Debenture Committee of the Board of Directors of the company at its meeting held on Monday, considered and approved an issue of rated, listed, secured/unsecured, redeemable, non-convertible debentures of face value ₹10 lakh each, for cash, for an amount aggregating to ₹800 crore, to be issued in one or more tranches on private placement basis.

The NCDs will be listed on the Wholesale Debt Market (WDM) segment of the BSE. The stock of Indostar Capital Finance closed at ₹563.05, up 1.11 per cent from its previous close on the BSE.

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Published on June 18, 2018
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