IndoStar Capital Finance board okays Rs 10,000 crore fund raise plan through bonds

NEW DELHI: Non-bank lender IndoStar Capital Finance on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on a private placement basis. The decision was taken at the company’s board of directors meet on August 12 to declare and approve quarterly results for quarter ended June 2020, the non-banking finance company said in a regulatory filing.
The board of directors considered and approved to issue “non-convertible debentures for an amount not exceeding Rs 10,000 crore on private…

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