Indostar Capital Finance allots NCDs worth Rs75cr on private placement basis

The Debenture Committee of the company approved the allotment of 750 NCDs of the face value of Rs10 lakh each.

Aug 26, 2021 10:08 IST India Infoline News Service

Analysis Finance Market
The Debenture Committee of Indostar Capital Finance Limited on Wednesday approved allotment of 750 - 7.70% ICFL MLD SERIES XLV 2024 Rated Listed Secured Redeemable Principal Protected Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs10 lakh each, for cash, at par, (Debentures) aggregating to Rs75cr on Private Placement basis.

At around 10.18 AM, Indostar Capital Finance Ltd was trading at Rs290 per piece down by Rs1 or 0.34% from its previous closing of Rs291 per piece on the BSE.
The scrip opened at Rs294.85 and has touched a high and low of Rs294.85 and Rs288.45 respectively.

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