IndoStar Capital Finance Limited has informed the Exchange regarding allotment of 40000 securities pursuant to Non Convertible Securities at its meeting held on Jun 19, 2025
INDOSTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IndoStar Capital Finance has allotted 40,000 senior, secured, redeemable, rated, listed, taxable non-convertible debentures (NCDs) on a private placement basis for a total of INR 400 crore. The issuance is split into two series — Series XXVI of 22,500 NCDs (INR 225 crore) and Series XXVII of 17,500 NCDs (INR 175 crore) — both carrying a coupon of 9.40% per annum and a face value of INR 1 lakh each. Series XXVI has a 24-month tenor maturing on June 18, 2027, while Series XXVII has a 25-month tenor maturing on July 19, 2027. Interest is paid annually, and the NCDs are secured by a first pari-passu charge on the company's receivables portfolio and treasury assets. The NCDs will be listed on the BSE Wholesale Debt Market segment.
This is a routine debt-raising exercise by the NBFC to grow its lending book, and should have no material impact on equity shareholders or the stock price, as NCDs are debt instruments and not dilutive.