Indostar Capital Finance Ltd., a Non-Banking Financial Company (NBFC), has announced plans to issue Non-Convertible Debentures (NCDs) for an amount not exceeding ₹6,000 crore.
The issue will be made on a private placement basis over the course of a year, starting from the date of approval by the company’s board.
The company’s share price currently stands at ₹258.55, with fluctuations throughout the day. The shares have seen a 52-week low of ₹156 and a high of ₹280.
In terms of performance, Indostar Capital Finance Ltd. has shown returns of 8.52% in one day, 9.88% over the past month, and 6.64% in the last three months.
zfIndostar Capital Finance Ltd. is a public limited company incorporated on July 21, 2009, with its registered office in Maharashtra, India. The company is focused on providing a range of financial services, and this NCD issuance is expected to enhance its capital structure and support future growth initiatives.