Loan & Debt23 Apr 2026, 03:10 pm
Indostar Capital Allots ₹600 Cr NCDs via Private Placement
AI Summary
Indostar Capital Finance Ltd has allotted 60,000 senior, secured, redeemable, rated, listed, taxable, non-convertible debentures (NCDs) amounting to ₹600 crore through private placement. The NCDs are divided into three series: XXXI, XXXII, and XXXIII, each with a coupon rate of 9.25% and face value of ₹1,00,000 each. The debentures are listed on the Negotiated Trade Reporting Platform of the National Stock Exchange of India Limited.
Key Highlights
- Indostar Capital allots 60,000 NCDs totaling ₹600 crore.
- NCDs are senior, secured, redeemable, rated, listed, and taxable.
- Coupon rate for all three series (XXXI, XXXII, XXXIII) is 9.25%.
- NCDs are listed on the NSE's Negotiated Trade Reporting Platform.
- The security includes a pari-passu charge over the company's assets.
Price Impact
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