Debenture Committee of the Board of Directors of the IndoStar Capital Finance Limited at its meeting held on June 18, 2018, approved the issue of rated, listed, secured/unsecured, redeemable, non-convertible debentures of face value of INR 1.0 million each, for cash, for an amount aggregating up to INR 8,000 million to be issued in one or more tranches on private placement basis under 3 Shelf Disclosure Document and the said non-convertible debentures shall be listed on the Wholesale Debt Market Segment of the BSE Limited.