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IndoStar Capital Finance Limited ( (IN:INDOSTAR) ) just unveiled an announcement.
IndoStar Capital Finance Limited announced that its shareholders approved a special resolution to issue non-convertible debentures up to INR 6,000 crores on a private placement basis at their Annual General Meeting. This move is expected to enhance the company’s capital structure and potentially improve its market positioning by providing additional financial resources to support its operations and growth strategies.
More about IndoStar Capital Finance Limited
IndoStar Capital Finance Limited operates in the financial services industry, focusing on providing various financial products and services, including loans and capital financing solutions. The company is based in Mumbai, India, and is known for its market focus on non-convertible debentures and other financial instruments.
Average Trading Volume: 11,088
Technical Sentiment Signal: Sell
Current Market Cap: 35.5B INR
Learn more about INDOSTAR stock on TipRanks’ Stock Analysis page.