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Outcome of board meeting of Indostar Capital Finance

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Capital Market

Held on 10 August 2018

The Board of Indostar Capital Finance at its meeting held on 10 August 2018 as under -

1) Increase in the aggregate borrowing limits to Rs 20,000 crore over and above the aggregate, for the time being, of the paid-up share capital, free reserves and securities premium of the Company and conferred authorisation in this regard;

2) Issue of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 12,000 crore on private placement basis, in one or more series / tranches, during a year from the date of approval by the shareholders of the Company, within the aggregate borrowing limits of the Company and authorised the Debenture Committee to determine and approve the detailed terms and conditions of the NCDs to be issued;

 

3) Alteration in the Articles of Association of the Company, by deleting of Part B from the Articles of Association of the Company, which is inoperative and ceased to have any effect since listing and commencement of trading of equity shares of the Company i.e. 21 May 2018.

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First Published: Aug 10 2018 | 4:12 PM IST

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