IndoStar Capital Finance Limited announced that the Board of Directors of the Company approved allotment of 459, Series XLII PP-MLD AA- Rated, Secured, Principal Protected, Redeemable, Market Linked, Non-Convertible Debentures of face value of INR 1 million each, for cash, at par, ("Debentures") aggregating to INR 459 million on Private Placement basis. Coupon/Interest: Maximum - 7.50% p.a. (annualised return calculated on XIRR basis) on face value. However, in extreme situation no coupon amount will be paid. Coupon Payment: On Redemption Principal: Bullet Redemption on 18 May 2023.