IndoStar Capital Finance gains on raising Rs 225 crore via NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
IndoStar Capital Finance is currently trading at Rs.144.00, up by 1.20 points or 0.84% from its previous closing of Rs. 142.80 on the BSE.
The scrip opened at Rs. 136.85 and has touched a high and low of Rs. 144.45 and Rs. 136.85 respectively. So far 973 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.50 on 26-Aug-2022 and a 52 week low of Rs. 104.10 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 149.90 and Rs. 127.20 respectively. The current market cap of the company is Rs. 1928.92 crore.
The promoters holding in the company stood at 89.21%, while Institutions and Non-Institutions held 2.70% and 8.08% respectively.
IndoStar Capital Finance has raised Rs 225 crore through the allotment of 25,500 - Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, for cash, at par, (Debentures) on Private Placement basis. The Debenture Committee of the Company vide Circular Resolution dated May 15, 2023, approved allotment of the same.
IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.
