Business Standard

Indostar Capital Finance hits 52-week high; stock surges 37% in 7 days

On August 18, Indostar Capital Finance allotted debentures to State Bank of India, worth Rs 200 crore, on preferential placement basis

During the June quarter of FY21, Brookfield infused Rs 1,225 crore capital via preferential allotment
Premium

During the June quarter of FY21, Brookfield infused Rs 1,225 crore capital via preferential allotment

SI Reporter New Delhi
Indostar Capital Finance shares vaulted as much as 19.3 per cent to hit fresh 52-week high of Rs 329.8 apiece on the BSE in an otherwise flat market on Wednesday. With today's intra-day gain, the stock has surged 36.6 per cent on the BSE in the past seven trading sessions, as against 2.4 per cent gain in the S&P BSE Sensex, BSE data show.

On August 18, the company allotted 2,000, Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures of Face Value of Rs 10 lakh each, for cash, at par, aggregating to Rs 200 crore to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 26 2020 | 2:07 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com