Indostar Capital Finance Completes Private Placement of 40,000 Non-Convertible Debentures Worth INR 400 Crore
Indostar Capital Finance Ltd has completed the private placement of a total of 40,000 non-convertible debentures (NCDs), raising INR 400 crore. The allotment was approved by the company's Borrowing Committee on July 23, 2026, encompassing two distinct series of secured and rated debentures.The NCDs are senior, secured, redeemable, rated, listed, taxable, and non-convertible, each having a face value of INR 1,00,000 (Indian rupees one lakh only). The total issuance across both Series XXXIV and XXXV amounts to INR 400 crore.
The debentures are issued under two separate tranches at an interest rate of 9.15%. These instruments will be listed on the negotiated trade reporting platform of the National Stock Exchange of India Limited.
Key details regarding the issuance are summarized below:
| Feature | Details |
|---|---|
| Total Number of NCDs | 40,000 |
| Size of Issue | INR 400 crore |
| Coupon Rate | 9.15% (Applicable to both Series) |
| Security | First pari-passu charge secured by hypothecation over portfolio of assets or receivables not more than 90 days overdue, and unencumbered treasury assets. |
| Special Rights | Not Applicable |
Tenor and Repayment Details
The company has issued two series of NCDs, each with specific tenure details and redemption schedules.Series XXXIV carries a tenor of 25 months, while Series XXXV is set for a longer tenor of 28 months. Both tranches are structured for annual interest payments and principal repayment upon maturity.
The redemption details for the two series are as follows:
| Feature | Series XXXIV | Series XXXV |
|---|---|---|
| Maturity Date | August 23, 2028 | November 23, 2028 |
| Redemption Amount per Debenture | INR 1 Lakh | INR 1 Lakh |
Payment Schedules
The payment schedules for the coupon and principal payments are detailed across both series.Series XXXIV Payment Schedule (9.15% ICFL 26-27/SERIES XXXIV)
| S. No. | Description | Scheduled Date | Amount to be Paid Per Debenture |
|---|---|---|---|
| 1. | Coupon Payment | August 23, 2026 | 777.12 |
| 2. | Coupon Payment | August 23, 2027 | 9,150.00 |
| 3. | Principal Payment/ Coupon Payment | August 23, 2028 | 1,09,150.00 |
Series XXXV Payment Schedule (9.15% ICFL 26-27/SERIES XXXV)
| S. No. | Description | Scheduled Date | Amount to be Paid Per Debenture |
|---|---|---|---|
| 1. | Coupon Payment | November 23, 2026 | 3,083.42 |
| 2. | Coupon Payment | November 23, 2027 | 9,150.00 |
| 3. | Principal Payment/ Coupon Payment | November 23, 2028 | 1,09,150.00 |
INDOSTAR Stock Price Movement
IndoStar Capital Finance Limited today edged higher in the markets, settling at ₹262.85 after gaining 0.62%. The stock closed near its day high of ₹268.15, with a traded volume reported across 35,479 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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