Board Meeting25 Aug 2024, 03:56 am
Indostar Capital Finance Ltd. to Consider INR 6,000 Crore Debenture Issue and Articles of Association Amendment
AI Summary
Indostar Capital Finance Ltd. has announced a Board of Directors meeting on August 29, 2024, to consider various matters, including the issuance of Non-Convertible Debentures worth up to INR 6,000 crore on a private placement basis and an amendment to the Articles of Association to authorize Debenture Trustees to appoint nominee directors. The meeting will also approve the notice for the 15th Annual General Meeting of the Company.
Key Highlights
- Indostar Capital Finance Ltd. to consider issuing Non-Convertible Debentures up to INR 6,000 crore
- The debentures will be issued on a private placement basis
- The Company will seek shareholders' approval for the debenture issue
- Indostar to amend Articles of Association to allow Debenture Trustees to appoint nominee directors
- The announcement is in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015