Announced Thu, 23 Jul · 16:07 IST
IndoStar Capital allots INR 400 crore NCDs via private placement
Business Updates View source PDF
INDOSTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹262.90
prior close
₹262.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.5-0.8—+1.4—————————
Up moveDown movePending
AI summary
IndoStar Capital Finance allotted 40,000 secured, listed, redeemable NCDs worth INR 400 crore via private placement in two series (XXXIV and XXXV). Coupon is 9.15% per annum. Series XXXIV (INR 200 crore) matures in August 2028 over 25 months; Series XXXV (INR 200 crore) matures in November 2028 over 28 months. Secured by pari-passu charge on receivables.
Likely market impact
Routine debt raise; INR 400 crore fundraise at 9.15% shows lender confidence. No equity dilution for shareholders.