IndoStar Capital Finance Limited has informed the Exchange that The Board of Directors of the Company at its meeting held on August 10, 2018 approved the following matters subject to approval of shareholders of the Company: i. Increase in the aggregate borrowing limits to INR 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 ii. Issue of Non-Convertible Debentures (NCDs) for an amount not exceeding INR 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;
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