IndoStar Capital Finance's Borrowing Committee approved a ₹600 crore private placement of senior, secured, listed NCDs across three series.
The NCDs have face values of ₹1 lakh each, a 9.25% annual coupon, and tenors ranging from 18 to 21 months.
The debentures are secured by a first pari-passu charge on the company's portfolio of assets and receivables.
The NCDs are proposed to be listed on the negotiated trade reporting platform of the National Stock Exchange.