IndoStar Capital Finance Limited announced that Debenture Committee of the Board of Directors of the Company vide resolution dated 16 September 2020, approved allotment of 500, Series XXXVIII Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures of Face Value of INR 1 million each, for cash, at par, aggregating to INR 500 million to Kotak Mahindra Bank Limited on private placement basis.